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debenture bond

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noun
a corporate bond unsecured by any mortgage, dependent on the credit of the issuer.
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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

Origin of debenture bond

First recorded in 1865–70
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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