debenture

noun

de·​ben·​ture di-ˈben-chər How to pronounce debenture (audio)
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 assets

Examples of debenture in a Sentence

Recent Examples on the Web
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The company identified a material weakness in its ability to meet the filing deadline for the Initial Registration Statement related to convertible debentures. Quartz Bot, Quartz, 14 Nov. 2024 The renegotiated debentures accrue interest at 10% per annum, may be converted into units of the Company and mature on December 31, 2025. Kansas City Star, 2 July 2024 Key Developments On December 29, 2023, the Company announced the renegotiation of its convertible debentures with an original maturity date of December 31, 2023. Kansas City Star, 2 July 2024 Our 100% contract renewal rate is one example of customer confidence in Cloud DX and comes just after the announcement of the early conversion of convertible debentures, followed by the escrow of 26 million shares, showing equally strong confidence from investors. Sacramento Bee, 27 Mar. 2024 The skyrocketing stock price is the result of small investors taking advantage of a short squeeze margin-call algorithm to leverage the arbitrage and thus create a classic liquidity debenture. Dave Barry, Washington Post, 26 Dec. 2021 Buying a debenture seat is obviously an attractive investment, particularly given the current volatility of global stock markets and extremely low interest rates? Danielle Rossingh, Forbes, 3 Oct. 2021 Funds from today’s debenture sale will be used for long term financing of the company’s large construction and service expansion in Alabama, Kentucky, Louisiana, Mississippi and Tennessee. NOLA.com, 8 Dec. 2020 Impact on mutual fund industry: The debt funds of many asset management companies (AMCs) took a severe beating as many of them had an exposure to the bonds and non-convertible debentures (NCDs) of the bank. Vatsal Bhandari, Quartz India, 16 Mar. 2020

Word History

Etymology

Middle English debentur, from Latin, they are due, 3rd plural present passive of debēre to owe — more at debt

First Known Use

15th century, in the meaning defined at sense 1

Time Traveler
The first known use of debenture was in the 15th century

Dictionary Entries Near debenture

Cite this Entry

“Debenture.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debenture. Accessed 21 Nov. 2024.

Legal Definition

debenture

noun
de·​ben·​ture di-ˈben-chər How to pronounce debenture (audio)
: an unsecured bond that is backed by the issuer's general credit rather than a specific lien

called also debenture bond

see also indenture compare mortgage bond at bond

Note: Debentures are often convertible to stocks.

Etymology

Anglo-French debentour and Medieval Latin debentura, perhaps from Latin debentur they are owed

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