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debenture |
Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson | 0.01 sec. |
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debenture (dəbĕn`chər), document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bond bond, 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. ..... Click the link for more information. , 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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Approximately 60% of the Recovery Rating changes over the August 2005-September 2006 period occurred among unsecured bond issues where downgrades slightly exceeded upgrades. announced today receipt of subscriptions for the first tranche, in aggregate principal amount of USD 25 million, of a new senior unsecured bond loan ("the Bond Loan") in a private placement primarily to institutional and professional investors in Norway and other selected countries in Europe ("the Bond Issue"). AMEX:BHO) (OSE:BHOC) has mandated Pareto Securities ASA (as Lead-Manager and Bookrunner) and Nordea Bank Norge ASA (co-manager) in connection with a contemplated private placement of a new senior unsecured bond loan ("the Bond Loan") to be directed to institutional and professional investors in Norway and other selected countries in Europe ("the Bond Issue"). |
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