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 -- （公司）债券
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.
The assets of the fund could alternatively be used to provide collateral, as earlier noted in connection with debenture bonds.
Some corporations issue very long dated debt in the form of bonds, debentures or, more rarely, senior notes.
There is no control whatever over the use to which the money subscribed in debentures is put.
If desired, the debentures could be sold and converted into equities and would not have to be transferred to the narrower-range part of the fund.
Is there any reason why, for example, we should not take debenture stock convertible into equities?
