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Definition of "debenture" [de•ben•ture]

  • A certificate or voucher acknowledging a debt. (noun)
  • An unsecured bond issued by a civil or governmental corporation or agency and backed only by the credit standing of the issuer. (noun)
  • A customhouse certificate providing for the payment of a drawback. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "debenture" in a sentence
  • "The Company still holds approximately $2. 5MM in current debt, of which approximately $816,000 is a short-term debenture, convertible into common shares at"
  • "The majority of the decrease resulted from a slight increase in the Israeli Consumer Price Index (CPI), compared to the third quarter last year, which reduced long term debenture expenses, partially offset by currency losses resulting from the impact of currency fluctuations on foreign activities."
  • "It uses a personal seat license, called a debenture, to raise funds."