Debenture Definition
dĭ-bĕnchər
debentures
noun
debentures
A voucher or certificate acknowledging that a debt is owed by the signer.
Webster's New World
A customhouse order for payment of a drawback, as to an importer.
Webster's New World
An interest-bearing bond issued against the general credit of a corporation or governmental unit, with no specific pledge of assets.
Webster's New World
A corporate debt secured by the revenues, reputation, and credit standing of the debtor, and that lacks a security interest in other property; an instrument that embodies this type of debt.
Webster's New World Law
Synonyms:
- debenture-bond
- unsecured bond
Other Word Forms of Debenture
Noun
Singular:
debenture
Plural:
debenturesOrigin of Debenture
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Middle English debentur from Latin dēbentur they are due (probably the first word appearing on certificates of indebtedness) third person pl. passive of dēbēre to owe ghabh- in Indo-European roots
From American Heritage Dictionary of the English Language, 5th Edition
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Originally debentur, from Latin debentur (“there are owing”), supposedly the first word of such a document in early times.
From Wiktionary
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