debenture
IPA: dʌbˈɛntʃɝ
noun
- 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.
Advertisement
Examples of "debenture" in Sentences
- The original debentures were issued in 1920.
- It was also arranged to raise money by debentures.
- Yesterday's term was debenture, which is defined as:
- This placed the debenture holders in a very strong position.
- He was a director of the 'North of England Debenture Company'.
- However, in the United Kingdom a debenture is usually secured.
- Someone needs to put something in on the new debenture policy.
- According to the Debenture page, govenments can issue debentures.
- The bank was also authorized to issue premium bearing debentures.
- It uses a personal seat license, called a debenture, to raise funds.
- The bank is refinanced through a variety of commercial debenture instruments.
- In law, a debenture is a document that either creates a debt or acknowledges it.
- The Company is offering repayment at the full value of the debenture, which is equivalent to 1 NIS par value.
- The repayment of the debenture, which is exercisable at $0.25 per common share, was originally due on March 22, 2009.
- Each converted share entitles the debenture holder to one share purchase warrant, which will expire two years following the closing date.
- The Company still holds approximately $2. 5MM in current debt, of which approximately $816,000 is a short-term debenture, convertible into common shares at
- It also declared a special dividend of 80 cents in cash and $3.20 of principal in the form of a debenture, which is likely to be a five-year, zero coupon bond.
- These cigars had been regularly entered at the custom house, and were entitled to debenture, that is, to a return of the duties, on sufficient proof being furnished that they had been exported and landed in a foreign port.
- The majority of the decrease resulted from a slight increase in the Israeli Consumer Price Index (CPI), compared to the third quarter last year, which reduced long term debenture expenses, partially offset by currency losses resulting from the impact of currency fluctuations on foreign activities.