debenture stock definition

  • others:
    • your debt or variety of debts, collectively, represented by a number of debentures; a debt secured by a trust deed of home when it comes to advantage of the holders of shares in debt or of a series of debentures. By the regards to much debenture stock the holders aren't eligible to demand payment before winding up of the company or default in repayment; regarding railway debentures, they can't demand payment of the principal, in addition to debtor company cannot redeem the stock, except by authority of an act of Parliament.
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