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Debenture   /dəbˈɛntʃər/   Listen
Debenture

noun
1.
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.  Synonyms: debenture bond, unsecured bond.
2.
A certificate or voucher acknowledging a debt.



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debenture bond


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"Debenture" Quotes from Famous Books



... the crisis of 1866, believed to be for a moment a hesitation in so doing. But these are only a small part of the securities on which money in ordinary times can be readily obtained, and by which its repayment is fully secured. Railway debenture stock is as good a security as a commercial bill, and many people, of whom I own I am one, think it safer than India stock; on the whole, a great railway is, we think, less liable to unforeseen accidents than the strange Empire of India. But I doubt if the Bank of England in a panic ...
— Lombard Street: A Description of the Money Market • Walter Bagehot
... Merthyr Company's metals into Brecon, while on the financial side, stocks and shares of the Mid-Wales were converted into stocks and shares of the Cambrian, and the arrears of interest on the Mid-Wales "B" debenture stock were capitalised into Cambrian "B" ...
— The Story of the Cambrian - A Biography of a Railway • C. P. Gasquoine


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