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debenture bond

American

noun

a corporate bond unsecured by any mortgage, dependent on the credit of the issuer.

Etymology

Origin of debenture bond

First recorded in 1865–70

Example Sentences

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debenture bond

In the debenture bond there is no security proper: only the covenant for payment by the company.

From Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 10 "David, St" to "Demidov" by Various

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023