A corporate IOU. It is debt unsecured by any collateral and thus is junior to other debt securities of the same issuer. See also "bond" and "note."
A loan raised by a company paying a fixed rate of interest and secured on the assets of the company.
Unsecured debt backed only by the integrity of the borrower, not by collateral, and documented by an agreement called an indenture. One example is an unsecured bond. see also borrow, consumer debenture, convertible security, security.
This is a document issued by a company which acknowledges that some or all of the company's assets are security for a debt (usually to a bank). It is also a name for certain long-term loans to companies.
A long-term debt certificate, paying interest, secured by the general credit of the issuer rather than a specific piece of property as is the case with a mortgage bond.
A debt instrument very similar to a bond.... more on: Debenture
Debt instrument evidencing the holder's right to receive interest and principal installments from the debtor. [Go to source
Another name for a bond. With a debenture, your money is secured by the credit of the company or government issuing it, rather than by specific assets.
A medium to long term borrowing by a company at a specified rate of interest, usually maturing on a specified date, and secured on the assets of the company.
An unsecured debt offering by a corporation, promising only the general assets as protection for creditors. Sometimes the so-called "general assets" are only goodwill and reputation.
A certificate issued by a corporation that states the amount of a loan, the interest to be paid and the time for repayment. It is backed only by the corporation's reputation and good word, not by collateral.
Term used to describe an unsecured bond or note, i.e., a general unsecured obligation of a company (can typically have long terms over 15 years). Investors who hold these securities are often compensated for the risk by receiving a higher interest rate than on secured bonds or by the ability to convert the security into common stock.
a fixed interest loan issued by a company and (in Britain) secured by its assets.
A bond issued on the general credit of a corporation, but not secured by a specific asset.
A loan to a company at a fixed rate of interest and for a fixed term, usually one to five years. The debenture is secured by a trust deed over an asset, or assets, of a company.
Debt issued under an indenture backed solely by the general credit of the issuer. Debentures are not secured by a pledge against any specific revenues, property or other asset of the issuer.
A bond that is not secured by collateral. It is backed by a corporation's cash flow.
A long-term loan, similar to a bond.
Formal certificate of indebtedness that is accompanied by a promise to pay interest at a specified annual rate. It is a long-term debt instrument that may or may not be secured by a mortgage on specific property.
A type of long-term bond or note given as evidence of debt. Unlike a mortgage note, a debenture is not secured by a specific property. Fannie Mae issues debentures to finance the acquisition of mortgages in the secondary mortgage market. If a borrower defaults on an FHA loan, the government gives interest-bearing debentures to the mortgagee after the title is transferred to FHA.
A type of bond, the repayment of which is guaranteed by the general credit of the issuer and is not secured by property.
An interest-bearing bond issued against the general credit of a corporation or government organization with no specific pledge of assets.
A debt instrument; basically the same as a Promissory Note
A term indicating a fixed-interest Bond secured against the issuing company’s assets (these may consist either of specific assets of the company or of its assets in general). Debenture bonds are distinct from ordinary bonds, the latter being unsecured. Debentures will be paid whether the issuing company makes a profit or not and, in case of Liquidation, debenture holders have priority over ordinary bond holders on the company's remaining assets. Debentures can be bought and sold on a stock Exchange. Français: Obligation, reconnaissance de dette Español: Obligación
A debt that is not backed by collateral, but only by the credit and good faith of the borrower. A certificate issued by customs authorities entitling an exporter of imported goods to be paid back duties that have been paid when they were imported. Such a refund is called a drawback.
bond issued with security. See Charges. Note that this is the UK terminology. In the USA, a debenture refers to an unsecured bond.
Debt instrument issued by a corporation that is unsecured by other collateral and is backed only by the integrity of the issuer.
A certificate of indebtedness representing a promise to pay; generally used for long-term rather than short-term debt with such features as convertibility.
A bond issued by a corporation which is secured by the integrity and written promise to pay of the issuer. It is not backed by collateral such as tangible assets.
A bond, a long-term unsecured debt issued by a corporation. On dissolution of the corporation, bondholders take preference over shareholders, and interest payable on the bonds takes preference over dividends to shareholders.
A loan paying a Interest to investors, secured against the company assets.
The written acknowledgement of a debt by a company, usually given under its seal, and normally containing provisions as to payment of interest and the terms of repayment of principal. A debenture may be secured on some or all of the assets of the company or its subsidiaries.
A note or bond usually backed only by the general ... Add a comment
They are bonds issued by a company to raise capital There are various kinds of debentures. They could be secured or unsecured, convertible or non convertible.
Debt securities with a fixed maturity issued by a company. A debenture holder is ranked as the company's creditor and receives the interest at specified intervals during the life of the debenture. The rate of interest on the debenture depends on the issuer's financial standing and the prevailing market rate at the time of issue.
A document in writing, usually under seal, issued as evidence of a debt or the granting of security for a loan of a fixed sum at interest (or both). The term is often used in relation to loans (usually from banks) secured by charges, including floating charges, over companies' assets.
A long-term debt obligation that is backed by the creditworthiness of the issuer rather than by specific assets.
A corporate bond that is not secured by specific property. In the event that the issuer is liquidated, the holder of a debenture becomes a general creditor and therefore is less likely than the secured creditors to recover in full. Because of their high risk factor, debentures pay higher rates of interest than secured debt of the same issuer.--See also Subordinated Debenture.
a certificate or voucher acknowledging a debt
a direct obligation of the company, but not secured by a mortgage
a document issued by a company acknowledging its indebtedness of a specific sum and undertaking to pay the amount at a specific time and under certain terms Domicilliary Account Foreign currency denominated accounts that are maintained in Nigeria
a document that is issued as evidence of the terms of a loan made to a company, although there is no set legal definition of the term
a document that records the borrowing of money by a company with reference to the debt
a document that states the terms under which a company has borrowed money
a fixed interest loan secured by specific fixed assets or through a "floating charge" on the business as a whole
a legal document containing an acknowledgement of indebtedness by a company debt help problem
a loan from you to Esanda secured by a charge over all the assets of Esanda (excluding land and buildings)
a loan secured on specific assets owned by a company and is repaid if a company runs into difficulties
a long term loan which is usually secured against a specific asset (e
an instrument issued by the limited liability partnership as evidence of a debt or other obligation
a promise to pay interest and repay the principal and is not secured by one or more of the issuer's assets
a security agreement that can be used to secure a loan or debt obligation when a financial institution lends money to a corporation
a security which a company can give over its assets and it ensures that AAH, in common with the bank, ranks as a secured creditor rather than as an unsecured creditor
a written acknowledgment of a debt similar to a promissory note in that it is unsecured, relying only on the full faith and credit of the issuer
An acknowledgment of a debt (loan) on which fixed interest is being paid.
A written document stating the terms of a loan to a company. It is usually secured on the assets of the company or can be unsecured. The lender is referred to as a debenture holder.
An unsecured loan in that it does not have a lien against specific property.
A loan made to a company for a fixed period of time and at a fixed rate of interest usually secured by the company's assets and a trust deed. (see also Fixed interest investments)
A security issued by a company on which the interest is payable whether or not the company makes a profit. Companies issue securities in order to raise capital. The loan is usually secured by the general credit worthiness of the company rather than any specific item.
A corporation's promissory note, backed by the corporation's general credit.
Is another financial instrument through which a company borrows money from the public at a fixed rate of interest. Debenture holders do not participate in profits, but their right to interest has to be satisfied before shareholders' dividends.
An unsecured debt instrument backed only by the general credit standing and earning capacity of the issuer.
The document that creates or gives evidence of a debt. Where the debenture is secured ('fixed'), the creditor holding the debenture has a priority over other creditors. All debentures must be filed at Companies House.
Document or written notes as evidence of a debt or loan.
The written terms of a loan extended to a company which can either be secured by company assets or unsecured.
Debentures are debt securities issued by governments and corporations and are redeemed at their face value after a stated period of time. Until that time, their price is subject to the vagaries of the marketplace. Bonds and debentures are essentially the same type of security, the only difference being that debentures are unsecured by mortgage or lien, while bonds are secured by specific assets.
a written document (normally in connection with a bank loan) which records a debt or the granting of security for a loan which is secured by a charge over the assets of a company
a long-term debt instrument that is usually not secured by collateral.
A bond which is unsecured, that is, is not backed by any pledge of assets of the company but is solely supported by the general credit of the issuing corporation.
A debt obligation backed strictly by the borrower's integrity, e.g. an unsecured bond.
1. A promissory note backed by general credit of a company and usually not secured by property; 2. Unsecured bond, usually with a maturity of fifteen years or more.
A document issued to a number of lenders which is often accompanied by a charge on the assets.
A promissory note backed by the general credit of a company. Debentures are usually not backed by a mortgage or lien on any specific property.
A type of corporate bond that is not secured by a mortgage or pledge against assets.
A term applicable to any certificate that an amount of money is owed by a specified person. In the UK, it often refers to a loan secured on the assets of the company; however, the term may be used interchangeably with `bond'. For example, a document which creates or acknowledges debt or an interest-bearing corporate or government bond not secured by specific property.
A type of debt security backed by the general credit of the issuer and not by a specific security.
A bond secured by the general credit of the corporation, and usually not covered by any collateral.
Secured debt in the UK. A bond backed by specified assets or revenues of the borrower.
An instrument, often but not necessarily under seal, issued by a company or public body as evidence of a debt or as security for a loan of a fixed or variable sum of money upon which interest and other penalties/charges may become payable. Close
A certificate of indebtedness of a government or company backed only by the general credit of the issuer and unsecured by property or assets.
A debt instrument whose backing lies in the goodwill of the issuer rather than on any tangible assets.
An unsecured bond backed solely by the general credit of the borrower.
A document stating the terms of a loan, usually to a company. Debentures may be secured on part or all of a company's assets, or they may be unsecured. Often also referred to as a floating charge, and the lender is often referred to as the debenture holder.
A fixed interest security which has a maturity date and a specified rate of interest. The assets of the borrowing company are charged against the debenture issue; details of the charge are included in a Debenture Deed drawn up to protect the debenture holder.
A fixed interest stock (bond) secured on the assets of a company. In the event of the liquidation of the company, the owners of the debentures would be paid before the holders of loan stock, preference shares and ordinary shares but after the Inland Revenue, the liquidator and the banks.
bond that is backed only by the general credit of the issuing corporation. No specific property is pledged as security behind the loan.
A bond or security guaranteed or backed by the issuer rather than by a specific security against a particular asset.
A legal document which formalises the lender's charge over the assets of the company.
a corporate bond that is backer by the credit of the issuer
These are secured corporate bonds that are used to raise long-term debt capital.
General debt obligation backed only by the integrity of the borrower.
Unsecured long-term debt which has no collateral to back it and is given only to a financially sound borrower with an excellent credit rating.
A medium to long-term investment instrument issued by companies which pays a regular and fixed interest amount for the term of the investment. The invested funds (principal) are repaid at the end of the term (maturity).
This is a type of share issued by a limited company. It is the safest type of share in that it is really a loan to the company and is usually tied to some of the company's assets so should the company fail, the debenture holder will have first call on any assets left after the company has been wound up.
Security representing a loan contracted by a publicly held corporation, via a public or private offering, that is guaranteed by the assets of the company, and whose redemption has priority over almost all other debts.
A type of long term bond (loan), taken out by a company, which it agrees to repay at a specified future date. The company will usually pay a fixed rate of interest to debenture holders each year until (More)
A debenture is a certificate that shows the debt of a government or company. It is backed only by the general credit of the issuer. It is not secured by the assets of the issuer.
A general term applied to all forms of unsecured, long-term indebtedness.
A certificate of indebtedness of a government or company backed only by the general credit of the issuer and unsecured against any specific asset.
A type of bond issued by a corporation or governmental agency. It is an unsecured bond that is backed only by the full faith and credit of the issuer.
debt obligation which is unsecured - backed by the integrity of the borrower.
Fixed interest securities issued by a company or government agency, usually secured on its assets, with a long-term redemption date between 10 and 40 years ahead.
An unsecured corporate bond for which the borrower does not pledge any assets or income as security.
A bond issued without any specific collateral pledge, but secured by the general assets of the issuer.
A long-term bond that is not secured by a mortgage on specific property.
A debt obligation, which is unsecured, and is issued against the general credit of the entity.
A secured loan made to a company at a fixed and term.
Debt instrument evidencing the holder's right to receive interest and principal installments from the named obligor. Applies to all forms of unsecured, long-term debt evidenced by a certificate of debt.
An unsecured bond or note. debit In a closing statement or settlement, an item that is charged to a buyer or seller. Compare with credit.
A contract evidencing or acknowledging a debt which might, or might not have charging provisions relating to the grantorâ€(tm)s property. That is, the terms of the debenture are to be negotiated between the parties as in any contract.
A debenture is a form of loan. It is a written acknowledgement of a debt by a business that normally containing provisions as to payment of interest and the terms of repayment of principal. A debenture may be secured on some or all of the assets of the business or its subsidiaries.
A debenture is a common kind of corporate bond, often issued by a firm during restructuring. Debentures are backed only by the good name of the company. Since there is no security associated with a debenture, they may carry a higher risk and therefore a higher rate of return when compared to a secured bond.
(Débenture) A bond that is secured only by the issuer's creditworthiness, with no other security (mortgage, pledge of property or securities) as guarantee. Corporations usually issue debentures.
A type of security, usually held by banks which includes a floating charge over the company?s assets. Depending on when it was dated it gives a right to appoint administrative receivers or an administrator over the company.
An obligation secured by the general credit of the issuer rather than being backed by a specific lien on property or revenue stream.
a formal debt agreement (refers to both the agreement and the document evidencing it), which is generally supported by security over some property of the debtor. If the debtor defaults on the debenture the creditor can take and sell the property. Usually issued by companies. Debentures are often transferable so the creditor can sell them and there are markets on formal stock exchanges that deal in types of debenture. Can be referred to as debenture stock. A mortgage is a type of debenture but is always secured, usually against land.
An unsecured debt obligation backed only by the general credit of the borrower.
legal document securing loan finance. This may be a fixed or floating charge on the assets of the business.
A type of fixed interest security, issued by companies (as borrowers) in return for medium and long term investment of funds. Debentures are issued to the general public through a prospectus and are secured by a trust deed which spells out the terms and conditions of fund-raising and the rights of debenture holders. typical issuers of debentures are finance companies and large industrial companies.
A long-term debt issued mainly to evidence an unsecured corporate debt.
Broadly speaking, a document which either acknowledges or creates a debt. The expression is commonly used to denote a document conferring a fixed and floating charge over all the assets and undertakings of a company.
A promissory note backed by the general credit of a company and usually not secured by a mortgage or lien on any specific property. (See: Bond)
this is a bond that is backed by the "full faith and credit" of a corporation. In other words, the bonds have no collateral. Usually, only strong, established companies will issue debentures, such as AT&T, Exxon, etc.
A written acknowledgement of a debt, usually one owed by a company and often secured by a charge over all or part of its property.
Long term loan to a company, usually at a fixed rate of interest and for a specific term. Debenture holders are creditors of the company. In the event of liquidation debenture holders have a preferential claim on the assets. Debentures are marketable securities.
A debt obligation that is not backed by collateral.
Obligation or a long-term debt, bond
Unsecured debt obligation, issued against the general credit of a corporation, rather than a specific project or asset.
similar to a bond; a loan for a specific term where repayment is secured by the general credit of the borrower
Generic terms for a bond, note or other interest bearing security.
An instrument which creates or evidences debt.
Companies commonly borrow money to carry on or extend their business by the issue of a debenture. This is an instrument, usually under seal, issued by a Company as evidence of a debt or as security for a loan of a sum of money, bearing a fixed rate of interest, and providing for repayment on or before a certain fixed date or with no fixed date for redemption.
bonds that have no collateral, but are backed instead by the “full faith and credit” of the company, usually issued only by strong, well-established companies
A bond secured only by the general credit of the issuer.
A form of security document creating fixed and floating charges over the assets of the charger.
An unsecured (without collateral) bond backed only by the integrity of the issuer (borrower). The parameters of the bond are set forth in an agreement called an indenture. See: Indenture
A long term fixed interest security issued by a company secured against its assets. In US terminology it is an unsecured fixed interest bond.
Long-term corporate bond, bearing fixed interest and often unsecured, issued by a company or government agency; assets may be pledged as security.
A promissory note backed by the general credit of a company and usually not secured by any specific collateral, such as a mortgage or property.
An unsecured debt offering by a corporation, promising only the general assets as protection for these creditors; sometimes these general assets referred to are only goodwill and reputation.
A bond unsecured by any pledge of property. It is supported by the general credit of the issuing corporation.
A debt obligation secured by the borrower's general credit rather than being backed by a specific lien on property. In other words, the debt obligation is not collateralized.
Companies can issue a series of debentures or debenture stock which essentially means secured loan stock. The instrument creates indebtedness owing by the company to the holder, usually carrying interest and maturing on a particular date when the principal amount is repaid. Debentures tend to be secured by a floating charge and/or a collection of fixed charges over the company's assets.
A certificate of indebtedness, an instrument in which a corporation or a company acknowledges indebtedness for a specified sum on which interest is due until the principal is paid back and not secured by specific assets.
Any type of debt that is extended based on the integrity of the borrower and not secured by collateral.
A non-secured loan raised by a company, paying a fixed rate of interest.
A long-term bond or note issued by governments and/or corporations and not secured by a mortgage or lien on any specific property. Since there is no specific property securing the debenture, the ability to repay the debt is based solely on the financial strength of the issuer.
A form of bond certificate issued by a corporation to show funds invested, repayment of which is guaranteed by the overall capital value of the company under certain specific terms. Thus, it is more secure than shares of stock or general bonds.
A debenture is an unsecured bond. Most bonds issued by large corporations are, in fact, debentures, which are backed by the corporation's reputation rather than secured by any collateral, such as the company's buildings or its inventory. Although debentures sound riskier than secured bonds, they generally aren't, since they are usually issued by well-established companies with good credit ratings.
Loan stock secured against the assets of the borrower (corporation). They are usually paid out first if the firm goes into liquidation.
indebtedness, usually in long-term obligations, that is unsecured •‰ÂA–±A•‰ÂŠz
Bonds issued without security.
An unsecured bond backed by the integrity of the borrower and not by collateral. It is therefore riskier than a bond
Debt instrument evidencing the borrower's right to receive interest and principal installments from the named obligor. Unsecured debt is backed only by the integrity of the borrower, not by collateral (security). Applies to all forms of unsecured, long-term debt and evidenced by an agreement called an indenture.
A type of bond that does not require security in the form of a mortgage or lien on a specific piece of property.
a formal debt agreement. It refers to both the agreement and the document that verifies it. It is usually issued by companies and is generally supported by security over some property of the debtor. If the debtor defaults, the creditor can take and sell the property. Debentures are often transferable, so the creditor can sell it and there are markets on formal stock exchanges that deal in types of debenture. It is sometimes referred to as debenture stock. A mortgage is a type of debenture but one that is always secured, usually against land.
Is a secured corporate bond which is a charge over the assets of the issuer. Usually a charge of the company's assets.
A loan to a company that is secured against the assets of the company.
An unsecured bond backed solely by the general credit of a company.
Unsecured debt backed by the creditworthiness of the issuer, such as a corporate bond.
A bond that is issued without security.
In finance, a debenture is a long-term debt instrument used by governments and large companies to obtain funds. It is similar to a bond except the securitization conditions are different. A debenture is usually unsecured in the sense that there are no liens or pledges on specific assets.