Debenture
WordNet
noun
(1) A certificate or voucher acknowledging a debt
(2) A bond that is backed by the credit of the issuer but not by any specific collateral
WiktionaryText
Etymology
Originally , from , supposedly the first word of such a document in early times.
Noun
- A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
- A certificate of a loan made to the government; a government bond.
- 1942, Elliot Paul, The Last Time I Saw Paris, Sickle Moon 2001, p. 72:
- Madame Corre, who made the important decisions after her plodding husband had spent hours on the ledger, sold the family debentures and put the money into Dutch decurities.
- 1942, Elliot Paul, The Last Time I Saw Paris, Sickle Moon 2001, p. 72:
- A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well established corporations with adequate credit ratings.