Noun: debenture di'ben-chu(r)
- A bond not secured by any specific property or collateral
"Investors demanded higher interest rates for the debentures due to the increased risk";
- unsecured bond, debenture bond
- (law) a certificate or voucher acknowledging a debt
"The company issued debentures to raise capital for expansion"
Derived forms: debentures
Type of: bond, bond certificate, instrument, legal document, legal instrument, official document
Encyclopedia: Debenture