debenture

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Related to Debentures: preference shares, bonds, Convertible Debentures

debenture

(dəbĕn`chər), document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bondbond,
in finance, usually a formal certificate of indebtedness issued in writing by governments or business corporations in return for loans. It bears interest and promises to pay a certain sum of money to the holder after a definite period, usually 10 to 20 years.
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, and debenture stock is similar to preferred stock. In the United States the term is usually employed for a corporation certificate without special security, such as a mortgage, to back it up. Debentures are generally issued by service corporations that have few mortgageable assets, or by blue-chip companies that are stable enough to invite unsecured loans. In a typical debenture, the corporation promises to repay the principal either periodically or on a specified date, and with regular interest. The term is also used for a document by which a government is bound to pay a creditor money due after some condition has been fulfilled.

debenture

Commerce a customs certificate providing for a refund of excise or import duty
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The 12 percent debentures will be redeemed from proceeds realized from the sale of Chrysler Corporation common stock in February 1993 that have been set aside since the date of sale.
The net share settlement feature will allow PMI to satisfy its obligation due upon conversion to holders of the new debentures in cash for a portion of the conversion obligation, reducing the share dilution associated with the conversion of the new debentures.
The terms of the Renaissance loan agreement and the SLI convertible debenture obligate Renaissance upon failure to consummate the merger or upon its termination to accept such convertible debentures of Appoint in principal amount of $300,000 from SLI in complete satisfaction of, and in substitution for, the SLI convertible debenture, and, upon, Renaissance's receipt from SLI of such convertible debentures of Appoint, SLI will have no further liability to Renaissance under the Renaissance loan agreement and the SLI convertible debenture.
The company is offering to exchange up to $45,647,600 aggregate principal amount of its new 7 percent collateralized senior subordinated debentures for all of its original series debentures, at the rate of $100 principal amount of new debentures for each $100 principal amount of original series debentures validly tendered.
The debentures are convertible into shares of Oakwood's common stock at a conversion price of $11.
Debentures holders' opportunity to surrender Debentures for purchase will commence on June 16, 2006, and will terminate at 5:00 p.
PHOENIX, May 4 /PRNewswire/ -- Del Webb Corporation (NYSE: WBB) today called for redemption, on June 1, 1992 (the "Redemption Date"), all of its $48,607,000 in principal amount of outstanding 10-3/8 percent Convertible Subordinated Debentures due 2009 (the "Debentures") at a price of $1,069.
Two debentures with the James-Bay Development Society including accrued interest and royalties.
TORONTO -- Pursuant to a prospectus dated January 17, 2006, Welton Energy Corporation ("Welton") issued to all of its shareholders one right for each share held to acquire 8% Convertible Debentures ("Debentures").
25% Convertible Subordinated Debentures due 2026 to be issued to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
Icefloe") (TSX VENTURE:ICY) is pleased to announce the closing of a brokered private placement of 10 % Senior Secured Convertible Debentures (the "Debentures") in the amount of $150,000 (the "Private Placement") on February 10, 2006.
announces that the period of convertibility of its Series B 2% Convertible Debentures due May 1, 2024 and its 2% Convertible Debentures due May 1, 2024 (CUSIP Nos.