In corporate finance, a
A type of debt instrument that is not secured by physical assets or collateral.
Definition of Debenture in the Financial Dictionary - by Free online English
dictionary and encyclopedia. What is
1 British : a corporate security other than an equity security : bond. 2 : a bond backed by the general credit of the issuer rather than a specific lien on particular ...
Dec 24, 2014
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 ...