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FINDLAW LEGAL DICTIONARY

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Debenture

debenture n

[Anglo-French debentour and Medieval Latin debentura , perhaps from Latin debentur they are owed]
: 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.



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.