debenture

IPA: dʌbˈɛntʃɝ

A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
(obsolete) A certificate of a loan made to the government; a government bond.
(finance, US) A type of debt instrument secured only by the general credit or promise to pay of the issuer, not involving any physical assets or collateral, now commonly issued by large, well established corporations with adequate credit ratings.
(finance, UK) A document granting lenders a charge over a borrower’s physical assets, giving them a means to collect a debt, as part of a secured loan.

Examples of "debenture" in Sentences

The company issued a debenture to raise funds for its expansion project
Investors were attracted to the debenture due to its fixed interest rate and long-term stability
She decided to invest in a debenture rather than stocks to minimize risk
The debenture will mature in five years, providing a steady income during that period
Understanding the terms of the debenture is crucial before making an investment decision