debenture Hear it!

debenture definition - finance
In general, an unsecured debt, often an unsecured bond backed only by the integrity or creditworthiness of the issuer (and not by any form of collateral, such as property or inventory or some other asset). Debentures are governed by agreements known as indentures, which are subject to the Trust Indenture Act of 1939.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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