debenture definition

debenture

Charge, claim, or lien on asset or property, usually as a result of a loan. See fixed charge and floating charge.

Promissory note or a corporate bond which (in the US) is backed generally only by the reputation and integrity of the borrower and (in the UK) by the borrower's specific assets. When unsecured, it is called a bare debenture or naked debenture; when secured by a charge on a specific property, it is called a mortgage debenture.

debenture is in the Banking, Commerce, Finance and Securities & Futures Trading subjects.

debenture appears in the definitions of the following terms: unsecured bond, charge, securities, secured lender, security, junior security, real asset, rating, private limited company, convertible debt and

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