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 original debentures were issued in 1920.
It was also arranged to raise money by debentures.
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.
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.