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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It is expected the low rates for the debenture bond sales this month will result in effective interest rates - the rate small business borrowers pay including servicing fees - of only 4.
It is expected the low rates for the debenture bond sales this month will result in effective interest rates for small business borrowers - including servicing fees - of only 4.
It is expected the low rate for the debenture bond sales this month will result in an estimated effective interest rate of only 4.