DEBENTURE

Debenture

A debenture is a document that either creates a debt or acknowledges it, and it is a debt without collateral. In corporate finance, the term is used for a medium- to long-term debt instrument used by large companies to borrow money. In some countries the term is used interchangeably with bond, loan stock or note. A debenture is thus like a certificate of loan or a loan bond evidencing the fact that the company is liable to pay a specified amount with interest and although the money raised by the debentures becomes a part of the company's capital structure, it does not become share capital. Senior debentures ...


        

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debenture


Noun



    

  1. A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
    2. 

  2. A certificate of a loan made to the government; a government bond.
    3. 

  3. A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well established corporations with adequate credit ratings.
    4. 





        

        The above text is a snippet from Wiktionary: debenture
        

        and as such is available under the 
        Creative Commons Attribution/Share-Alike License.
        
        
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