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Meaning of DEBENTURE

Pronunciation:  di'benchur

WordNet Dictionary
  1. [n]  a certificate or voucher acknowledging a debt
  2. [n]  a bond that is backed by the credit of the issuer but not by any specific collateral

DEBENTURE is a 9 letter word that starts with D.


 Synonyms: debenture bond, unsecured bond
 Antonyms: secured bond
 See Also: bond, bond certificate, instrument, legal document, legal instrument, official document



Webster's 1913 Dictionary
  1. \De*ben"ture\ (?; 135), n. [L. debentur they are due,
    fr. debere to owe; cf. F. debentur. So called because these
    receipts began with the words Debentur mihi.]
    1. A writing acknowledging a debt; a writing or certificate
       signed by a public officer, as evidence of a debt due to
       some person; the sum thus due.
    2. A customhouse certificate entitling an exporter of
       imported goods to a drawback of duties paid on their
       importation. --Burrill.
    Note: It is applied in England to deeds of mortgage given by
          railway companies for borrowed money; also to municipal
          and other bonds and securities for money loaned.
  2. \De*ben"ture\, n.
    Any of various instruments issued, esp. by corporations, as
    evidences of debt. Such instruments (often called
    {debenture bonds}) are generally, through not necessarily,
       under seal, and are usually secured by a mortgage or other
       charge upon property; they may be registered or
       unregistered. A debenture secured by a mortgage on
       specific property is called a
    {mortgage debenture}; one secured by a floating charge (which
       see), a
    {floating debenture}; one not secured by any charge
    {a naked debenture}. In general the term debenture in British
       usage designates any security issued by companies other
       than their shares, including, therefore, what are in the
       United States commonly called {bonds}. When used in the
       United States debenture generally designates an instrument
       secured by a floating charge junior to other charges
       secured by fixed mortgages, or, specif., one of a series
       of securities secured by a group of securities held in
       trust for the benefit of the debenture holders.
Thesaurus Terms
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