Visual meaning of 'debenture'? - learn with images, example in daily life

Visual illustration of debenture: A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.

noun

A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.

"The company issued a debenture to its investors, promising to repay the loan with interest after five years. "

finance business economy

Visual illustration of debenture: A certificate of a loan made to the government; a government bond.

noun

A certificate of a loan made to the government; a government bond.

"The government sold a new debenture to raise money for building new roads. "

government business finance economy

Visual illustration of debenture: 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.

noun

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.

"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

Visual illustration of debenture: 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.

noun

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.

"The company issued a debenture, using its office building as collateral, to secure a large loan from the bank. "

business finance law asset economy