debenture

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Related to debenture bond: Debenture Stock

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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On September 30, 1999 we were unable to pay the interest due on our outstanding debenture bonds.
0 million outstanding principal amount of its 7-3/4 percent debenture bonds due 1996 at the regular redemption price of 100.
1, 1992, the outstanding $21,419,000 principal amount of its 7-1/4 percent debenture bonds due 1993.