What does "debenture" mean?
A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
noun ·3 syllables ·Common ·High school level
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"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."
"That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired."
"In the United States, a debenture is a type of long-term debt instrument not secured by physical assets or collateral."
A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
Common synonyms include: acceptance, acceptance bill, adjustment bond, annuity bond, appreciation bond, arrangement.
In the United States, a debenture is a type of long-term debt instrument not secured by physical assets or collateral.
From earlier debentur, from Latin debentur (“they are owing”), supposedly the first word of such a document in early times. The ending was apparently influenced by words in -(t)ure.