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debenture definition

de·ben·ture (di ben′c̸hər)

noun

  1. a voucher or certificate acknowledging that a debt is owed by the signer
  2. a customhouse order for payment of a drawback, as to an importer
  3. an interest-bearing bond issued against the general credit of a corporation or governmental unit, with no specific pledge of assets

Etymology: ME debentur < ML < L, 3d pers. pl., pres. pass. indic., of debere: see debt: so called from receipts beginning with the Latin words debentur mihi, there are owing to me

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

Alternate definitions:

business debenture definition - business

finance debenture definition - finance

law debenture definition - legal

debenture Usage Examples

Converse of object

  • secure: Rather they were pursuing their own interests under an all monies debenture secured on strictly commercial terms.

Adjective modifier

  • convertible: The current transaction results from the second funding tranche of the previously announced convertible debentures of 5 October 2005.

Modifies a noun

  • holder: The number of debenture holders is not more than 50.

Noun used with modifier

  • mortgage: A fixed debenture or mortgage debenture is secured on a named asset similar to a mortgage that is secured on one's own house.

Preposition: in

  • company: However, the company should enter interests arising when it grants to a director rights to subscribe for shares or debentures in the company.

Preposition: of

  • company: The director must notify the company within five days of his becoming interested in shares or debentures of the company.
debenture usage examples (more)

The word usage examples above have been gathered from various sources to reflect current and historical usage. They do not represent the opinions of YourDictionary.com.

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MLA Style

"debenture." Webster's New World College Dictionary. 2009

  • Your Dictionary. 5 July 2009
  • <www.yourdictionary.com/debenture>

APA Style

debenture. (2009). In Webster's New World College Dictionary

  • Retrieved July 5th, 2009, from www.yourdictionary.com/debenture

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