debenture definition

  • noun:
    • A certificate or coupon acknowledging a debt.
    • An unsecured bond released by a civil or governmental business or agency and backed just by the credit ranking of this issuer.
    • A customhouse certificate supplying for the payment of a drawback.
    • A certificate that certifies an amount of bad debts to somebody; a certificate of indebtedness.
    • A certificate of a loan built to the us government; a government relationship.
    • a kind of bond guaranteed only because of the basic credit or promise to pay regarding the issuer, today frequently issued by huge, more developed corporations with sufficient credit ratings.
    • A writing acknowledging a debt; a writing or certificate signed by a public officer, as proof of a debt because of some individual; the sum hence due.
    • A customhouse certificate entitling an exporter of imported products to a drawback of tasks paid on their importation.
    • any one of numerous tools issued, esp. by corporations, as evidences of debt. Such instruments (categorised as debenture bonds) are usually, through definitely not, under seal, and they are usually guaranteed by home financing or any other fee upon home; they may be signed up or unregistered. A debenture guaranteed by a home loan on specific residential property is called a mortgage debenture; one guaranteed by a floating cost (which see), a floating debenture; one not secured by any charge a naked debenture. Generally the term debenture in Uk consumption designates any protection given by organizations except that their particular shares, including, consequently, what are in america commonly labeled as bonds. Whenever used in the usa debenture generally speaking designates an instrument secured by a floating cost junior with other costs secured by fixed mortgages, or, specif., among some securities guaranteed by a group of securities held in trust for the good thing about the debenture holders.
    • A writing acknowledging a debt; a writing or certification signed by a public officer or corporation as evidence of debt; specifically, an instrument, typically under seal, the payment of money lent: usually if you don't solely made use of of responsibilities of corporations or huge moneyed copartnerships, given in a questionnaire convenient to-be purchased and sold as assets.
    • In the customs, a certificate of drawback; a writing which states that a person is entitled to a certain sum from the government on the reĆ«xportation of specified goods, the duties on which have been paid.
    • In some federal government divisions, a bond or costs through which the federal government is recharged to cover a creditor or his assigns the money due on auditing his account.
    • the capability of an individual to acquire products or services before repayment, on the basis of the trust that payment may be made in tomorrow
    • a certificate or coupon acknowledging a debt

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