noun Download 🔗Share A certificate that certifies an amount of money owed to someone; a certificate of indebtedness. Examples : "The company issued a debenture to its investors, promising to repay the loan with interest after five years. " finance business economy Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share A certificate of a loan made to the government; a government bond. Examples : "The government sold a new debenture to raise money for building new roads. " government business finance economy Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share A type of debt instrument secured only by the general credit or promise to pay of the issuer, not involving any physical assets or collateral, now commonly issued by large, well established corporations with adequate credit ratings. Examples : "Because the company had a strong reputation and a good credit rating, it was able to raise money by issuing a debenture to investors, relying solely on its promise to repay the debt. " finance business economy asset Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share A document granting lenders a charge over a borrower’s physical assets, giving them a means to collect a debt, as part of a secured loan. Examples : "The company issued a debenture, using its office building as collateral, to secure a large loan from the bank. " business finance law asset economy Chat with AIVocabulary GamePractice Reading
