0 a type of loan, often used by companies to raise money, that is paid back over a long period of time and at a fixed rate of interest
1 a type of loan, often used by companies to raise money, that is paid back over a long period of time and at a fixed rate of interest. In the UK, but not in the US, debentures are secured against property or other assets owned by the borrower:
In several of the cities of Holland there were people who had subscribed for only one debenture, because they thought men of their own blood were living in South Africa.
She could not for a fortune have defined the difference between a debenture and a share.
Stocks, "common" or "preferred," bonds and debentures, floated through his mind.
The owners of these debentures are in fact joint capitalists with the nominal owner of the business.
The soldiers, adventures, and debenture holders agreed at length to accept two-thirds of their land, and to give up the other third, and on this arrangement, by slow degrees, the country settled down.
A further £500,000 in debentures was raised to clear the debts of the old company and provide working capital for the new one.
Everything was done 'quietly and privately', and at no stage were the debentures placed on the open market.
Fourthly, when retail investors have taken the risk with high yield property debentures, the experience has often been disappointing.
