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debenture

Syllabification: (de·ben·ture)
Pronunciation: /diˈbenCHər/

Translate debenture | into Spanish
Definition of debenture

noun

(also debenture bond)
  • an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.
  • British a long-term security yielding a fixed rate of interest, issued by a company and secured against assets.

Origin:

late Middle English (denoting a voucher issued by a royal household, giving the right to claim payment for goods or services): from Latin debentur 'are owing' (from debere 'owe'), used as the first word of a certificate recording a debt. The current sense dates from the mid 19th century

debenture in other Oxford dictionaries

Definition of debenture in the British & World English dictionary