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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If the current price of the debenture bond is set as the present value of the future cash flow income, the price of the 1-year debenture bond can be calculated as
The Company's funding base also remains concentrated and with this debenture bond now in current liabilities, the Company's debt profile was largely short term at end H1 2016.
In the first half of this year, corporate debenture issues on China's interbank bond market totaled 780 billion yuan, and the debenture bonds under custody hit 3 trillion yuan by the end of June.