debenture

  1. Noun.  A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
  2. Noun.  (obsolete) A certificate of a loan made to the government; a government bond.
  3. Noun.  (finance) A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well established corporations with adequate credit ratings.

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This entry was last updated on RefTopia from its source on 3/20/2012.