debenture

[dih-ben-cher]

noun

1. certificate of indebtedness.

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

debenture

/ 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

Other Word Forms

• debentured adjective

Word History and Origins

Origin of debenture¹

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

Word History and Origins

Origin of debenture¹

C15: from Latin phrase dēbentur mihi there are owed to me, from dēbēre to owe

Example Sentences

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

Read more on 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.

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

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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.

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

Read more on Reuters