debenture bond
noun
a corporate bond unsecured by any mortgage, dependent on the credit of the issuer.
Origin of debenture bond
1First recorded in 1865–70
Words Nearby debenture bond
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use debenture bond in a sentence
In the debenture bond there is no security proper: only the covenant for payment by the company.
Browse