Definition of "debentures" [debentures]

• Plural form of debenture. (noun)

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• "Some schools are selling what are known as debentures, which are typically interest-free loans, to parents costing upward of US$80,000."
• "Although such a solution, i.e. transforming most of the subprime mortgage-back securities into medium term debentures, would have to be adapted to the peculiar American situation, this can be done."
• "Interest on these debentures is paid by the I.D.B. at something above the corresponding rate on Canadian Government bonds."