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Debenture stock   Listen
noun
Debenture stock  n.  (Finance) The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament. (Eng.)






Collaborative International Dictionary of English 0.48








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"Debenture stock" Quotes from Famous Books



... million people set itself to link British Columbia with Montreal, and Montreal with Halifax, and Ottawa with Detroit, and the Great Lakes with the sea. The story is too long to be related in detail, but on canals alone Canada has spent a hundred millions. Including stocks, bonds, funded debt and debenture stock, the Dominion railways have a capital of $1,369,992,574; and the country that had not a foot of railroads, when the patriots fought the Family Compact, to-day possesses twenty-nine thousand miles of trackage,[2] three transcontinental systems ...
— The Canadian Commonwealth • Agnes C. Laut



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