Madame Corre, who made the important decisions after her plodding husband had spent hours on the ledger, sold the family debentures and put the money into Dutch decurities.
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
A bond issued without any specific collateral pledge, but secured by the general assets of the issuer
script of indebtedness of a government or a company, secured by the general credit worthiness of the issuer; not by mortgage or lien on any specific asset
Unsecured debt backed by the creditworthiness of the issuer (e g , a Corporate Bond)
Debt instrument evidencing the holder's right to receive interest and principal installments from the named obligor Applies to all forms of unsecured, long-term debt evidenced by a certificate of debt
A general debt obligation backed only by the integrity of the borrower, not by collateral Depository Trust Corporation (DTC): A domestic custodial clearing facility owned by all of the major banks and securities firms which is monitored by various banking regulatory agencies and the Securities and Exchange commission
Money raised by a company through loans Holders of debentures, which are transferable, are creditors of the company with specific rights as to repayment of capital and interest Interest must be paid regularly, whether or not there are sufficient profits: and if interest is not paid the debenture holders enforce their rights by obtaining judgement against the company or placing it in liquidation
A debenture is a certificate that shows the debt of a government or company It is backed only by the general credit of the issuer It is not secured by the assets of the issuer
A debenture secured by a mortgage on specific property is called a mortgage debenture; one secured by a floating charge (which see), a floating debenture; one not secured by any charge a naked debenture
A debt that is secured solely by the general creditworthiness of the issuer and not by the collateralization or lien against specific assets
Such instruments (often called debenture bonds) are generally, through not necessarily, under seal, and are usually secured by a mortgage or other charge upon property; they may be registered or unregistered
In general the term debenture in British usage designates any security issued by companies other than their shares, including, therefore, what are in the United States commonly called bonds
one of a series of securities secured by a group of securities held in trust for the benefit of the debenture holders
is a certificate of indebtedness of a government or company backed only by the general credit of the issuer and unsecured by property or assets
A common kind of corporate bond, often issued by a firm during restructuring Debentures are backed only by the credit quality or essentially the good name of the issuer Since there is no collateral, these bonds may carry a higher risk, and therefore a higher rate of return, when compared to an asset-backed bond However, debentures of solid companies may be very highly rated BACK TO TOP
A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation
Evidence of indebtedness issued by a corporation Unlike a secured bond, a debenture is not backed by a pledge to sell specific property should the corporation be unable to pay the debt back
A company's long term IOU (bond) backed by the general credit of the firm, rather than by a lien on any specific asset
A certificate of indebtedness of a government or company backed only by the general credit of the issuer and unsecured by property or assets
A general debt obligation backed only by the integrity and net worth of the issuer An obligation that is not secured by a specific lien on property, as an unsecured note of a corporation
When used in the United States debenture generally designates an instrument secured by a floating charge junior to other charges secured by fixed mortgages, or, specif
An obligation secured by the general credit of the issuer rather than being backed by a specific lien on property
A bond unsecured by any pledge of property It is supported by the general credit of the issuing corporation
Written acknowledgement of a debt secured only by the general credit or promise to pay of the issuer. Debentures are the common type of bond issued by large, well established corporations with adequate credit ratings. The written agreement under which the debentures are sold, the indenture, is specific as to maturity date, interest rate, call features, and convertibility. Holders of debentures representing corporate indebtedness are creditors of the corporation, and entitled to payment before shareholders upon dissolution of the corporation
~ Unsecured debt obligation, issued against the general credit of a corporation, rather than against a specific asset
A debenture is a type of savings bond which offers a fixed rate of interest over a long period. Debentures are usually issued by a company or a government agency. an official document produced by a company showing how much interest it will pay on a loan (=money it has borrowed) (debentur , from debere )
Unsecured debt obligation, issued against the general credit of a corporation, rather than against a specific asset
The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures
By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament
A bond issued by a corporation which is secured by the general credit or promise to pay of the issuer It is not backed by collateral such as tangible assets The bond in this case is a formal promissory note issued by the company, which agreed to repay the debt at maturity after 5 year from the date of borrowing and also agreed to pay the interest, usually, semi-annually
Loans to a company made by investors, as opposed to loans raised from a bank The investors receive a fixed rate of interest Debentures may be "convertible" into shares or "redeemable" for cash at a specified future date Debentures may also be "secured" against the security of a particular asset, or "unsecured" if they are raised as a general loan
A debt security that will be paid off after the issuer first pays off debt to senior creditors in the event of the dissolution of the company BACK TO TOP
[ di-ben-ch&r ] (noun.) 15th century. Originally debentur, from Latin debentur (“there are owing”), supposedly the first word of such a document in early times.