From Longman Dictionary of Contemporary Englishdebenturede‧ben‧ture /dɪˈbentʃə $ -ər/ noun [countable] technical BFLBFLan official document produced by a company showing how much interest it will pay on a loan
Examples from the Corpus
debenture• All methods of borrowing open to individuals may be used by a company with the additional method of issuing a debenture.• All debentures are for a 10 year period.• In 1649 he was appointed a registrar of military debentures.• Yacht and boat clubs are starting to finance pontoon berthing facilities by means of debenture schemes amongst their members.• The debentures, which are noncallable, were priced at a spread of 47 basis points above Treasurys.• The converse is the case in relation to debentures.From Longman Business Dictionarydebenturede‧ben‧ture /dɪˈbentʃə-ər/ abbreviation deb. noun [countable usually plural] FINANCE an interest-paying loan which may be traded on bond markets. In Britain, debentures are normally SECURED on particular assets of the borrower, so that the person with the debenture will gain these assets if the loan is not repaid, but in the US they are not normally secured in this wayIn April 1999 the company issued $150 million of 25-year debentures.The company defaulted on (=failed to make interest payments on) $97 million of debentures, but is optimistic that a restructuring agreement can be reached with debtholders. → callable debenture → convertible debenture → junior debenture → non-callable debenture → pay-in-kind debenture → senior debenture → subordinated debentureOrigin debenture (1400-1500) Latin debentur “they are owed”, from debere “to owe” 