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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69-142, the Service determined that the parties had undertaken a valid B reorganization, but that the exchange of the debentures was a separate, taxable exchange.
There were only three: Parent would recognize no gain or loss on the issuance of its stock for the debentures (Sec.
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.
Regent Securities Capital Corporation and Shoreline Pacific, LLC served as the placement agents for the issuance and sale of the convertible debentures and related warrants.
The Company is offering to purchase the Debentures at a purchase price equal to $1,000 per $1,000 principal amount of Debentures, plus accrued and unpaid interest up to, but not including, the payment date.
Fitch affirms the capital trust debentures for Canada Life Capital Trust at 'AA-' with a Stable Outlook:
The debentures will be secured by a first priority security interest in the dual currency notes.
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 net share settlement feature would 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.
50% Senior Convertible Debentures Due 2021 for the ten consecutive trading day period ending June 28, 2006 is less than 105% of the average of the conversion values of the debentures during that same period, as calculated under the indenture relating to the debentures.