debenture


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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 additional $50 million 2012 Debentures will be redeemed on December 15, 2011 (the 'Redemption Date') at the redemption price (the 'Redemption Price') which is equal to the outstanding principal amount of the 2012 Debentures to be redeemed, together with all accrued and unpaid interest thereon up to the Redemption Date, being $1,026.4658 per $1,000 principal amount of 2012 Debentures.
Under the prior issue, the debentures had carried a conversion price of USD.50 per share, added the company.
The debentures carry an annual interest rate of 5.70%, payable semi-annually in arrears on 30 June and 31 December of each year starting from 31 December 2012.
The amendments, which were detailed in IOU's news release of July 25, 2019, received the support of the holders of over 66 2/3% of the aggregate principal amount of the Debentures, as required by the terms of the trust indenture pursuant to which they were issued.
A spokesman for the WRU said: "The WRU takes the requests of its debenture holders extremely seriously and is currently exploring the issue with England Rugby 2015 and Rugby World Cup Ltd, in terms of access to tickets on behalf of debenture holders.
Richard had written to Ross Salmon saying that one of the club's debenture holders is also a debenture holder at Twickenham.
The secured debentures bear an annual coupon of 10% and are secured by a security interest in the company's assets.
The company has entered into an agreement with holders of the company's outstanding Series A 10% Senior Convertible Debentures due November 7, 2008, for extension of maturity date of the debentures to June 30, 2011.
But it plans to continue selling debentures for ''zaikei'' asset-formation savings until March 2012.
Vancouver, British Columbia-based hybrid electric powertrain developer Azure Dynamics Corporation recently announced the redemption, by way of conversion, of all of its issued and outstanding secured convertible debentures.
69-142, except that the target debenture holders exchanged them for acquiring stock.