debenture

American  

[dih-ben-cher] / dɪˈbɛn tʃər /

noun

1. certificate of indebtedness.

2. a certificate of drawback issued at a custom house.

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debenture British  

/ dɪˈbɛntʃə /

noun

1. Also called: debenture bond.  a long-term bond, bearing fixed interest and usually unsecured, issued by a company or governmental agency

2. a certificate acknowledging the debt of a stated sum of money to a specified person

3. a customs certificate providing for a refund of excise or import duty

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Other Word Forms

• debentured adjective

Etymology

Origin of debenture

1425–75; late Middle English debentur < Latin dēbentur ( mihi ) there are owing (to me), 3rd person plural passive indicative of dēbēre to owe ( debt )

Example Sentences

The company plans to use approximately $243 million from the offering to repay principal and interest on its 15% secured debentures.

From Barron's

Wimbledon has secured an exemption for its debenture tickets, which provide a premium seat on the show courts for five years along with access to exclusive restaurants and bars.

From BBC

Plug says it will use about $243 million of the proceeds to repay principal and interest on its 15% secured debentures.

From Barron's

Reliance, which has diversified its businesses over the years to retail, telecom and, recently, green energy, said it approved raising up to 200 billion rupees via non-convertible debentures.

From Reuters

Indian regulations mandate that companies raising debt appoint a so-called "debenture trustee" to protect the interests of investors.

From Reuters