debenture bond


debenture bond
noun
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
Syn: ↑unsecured bond, ↑debenture
Ant: ↑secured bond (for: ↑unsecured bond)
Hypernyms: ↑bond, ↑bond certificate

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noun
see debenture 2b

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a corporate bond unsecured by any mortgage, dependent on the credit of the issuer.
[1865-70]

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debenture bond,
a bond issued by a company acknowledging indebtedness for a sum on which interest is due until the principal is repaid.

Useful english dictionary. 2012.

Look at other dictionaries:

  • debenture bond — see bond 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Debenture bond — An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond, and collateral trust bonds. The New York Times Financial Glossary * …   Financial and business terms

  • debenture bond — An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond and collateral trust bonds. Bloomberg Financial Dictionary * * *… …   Financial and business terms

  • debenture bond — /dɪ bentʃə bɒnd/ noun US 1. a certificate showing that a debenture has been issued 2. an unsecured loan …   Dictionary of banking and finance

  • debenture bond — a corporate bond unsecured by any mortgage, dependent on the credit of the issuer. [1865 70] * * * …   Universalium

  • Subordinated debenture bond — An unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds. The New York Times Financial… …   Financial and business terms

  • subordinated debenture bond — An unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: debenture bond, mortgage bond, collateral trust bonds. Bloomberg Financial Dictionary …   Financial and business terms

  • debenture — de·ben·ture /di ben chər/ n [Anglo French debentour and Medieval Latin debentura, perhaps from Latin debentur they are owed]: an unsecured bond that is backed by the issuer s general credit rather than a specific lien – called also debenture… …   Law dictionary

  • bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …   Law dictionary

  • Bond — /bond/, n. 1. Carrie (nee Jacobs), 1862 1946, U.S. songwriter and author. 2. Julian, born 1940, U.S. civil rights leader and politician. * * * I In construction, the systematic arrangement of bricks or other building units (e.g., concrete blocks …   Universalium


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