debenture
- Noun:
- A type of long-term debt instrument: A debenture is a formal certificate or bond issued by a company or government that acknowledges a debt. It represents money borrowed that must be repaid at a fixed future date, typically with periodic interest payments. Debentures are often not secured by physical assets or collateral.
- A voucher acknowledging a debt: In a broader, sometimes historical sense, a debenture can be any certificate or voucher that serves as evidence of a debt owed.
- Noun:
- The company raised capital by issuing debentures to investors.
- Holders of the 5% debenture will receive their interest payment next month.
- The debenture states the terms of the loan, including the maturity date and interest rate.
"Unsecured debenture": A debenture that is not backed by any specific collateral or asset of the issuer. The holder's claim is based on the general creditworthiness and reputation of the issuer.
- Because it was an unsecured debenture, the investment carried a higher risk.
"Convertible debenture": A type of debenture that can be converted into a specified number of shares of the issuing company's stock at certain times during its life, usually at the discretion of the holder.
- He opted for convertible debentures, hoping to benefit if the company's share price rose.
"Debenture holder": An investor or entity that owns a debenture.
- As a debenture holder, she is entitled to regular interest income.
- Debenture stock (n): A type of debt security similar to a debenture, but it is usually issued as a single, large loan stock rather than individual bonds.
- The debenture stock was traded on the London Stock Exchange.
- Bond: A fixed-income instrument representing a loan made by an investor to a borrower.
- IOU: An informal written acknowledgment of a debt (less formal than a debenture).
- Promissory note: A financial instrument containing a written promise by one party to pay another party a definite sum of money.
"To issue a debenture": The act of a company or government offering and selling debentures to raise funds.
- The board voted to issue a debenture to finance the new factory.
"Debenture trust deed": A legal document that outlines the terms and conditions between the debenture issuer and the trustees who represent the debenture holders.
- The rights of investors are protected under the debenture trust deed.
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a certificate or voucher acknowledging a debt
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the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
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