The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament.
A type of stock that makes fixed payments at scheduled intervals of time. Debenture stock differs from a debenture in that it has the status of equity, not debt, in liquidation.
Stock issued under a contract to pay specified amounts at specified intervals. The name is misleading, since it's more like preferred stock than a debenture.
A form of loan stock legally defined as the written acknowledgement of a debt incurred by a company, normally containing provisions about the payment of interest and the eventual repayment of capital.They may be secured by a floating charge on the company's assets or they may be tied to specific, named assets. This means that if the company goes into liquidation then debenture holders are more likely to get payment because the company's assets will be sold and the proceeds will be distributed to them first before other stock and share holders.
A fixed interest security issued as loan capital. Debenture stocks are traditionally a common form of long-term borrowing. Debenture stocks are usually secured on the company's assets and therefore rank ahead of shareholders funds in the event of liquidation
Stock issued under a contract providing for fixed payments at scheduled intervals and more like preferred stock than a Debenture, since their status in liquidation is equity and not debt.
a debenture issued as a fixed-interest stock
A type of stock that makes fixed payments at precise periods of time; in liquidation, debenture stock holds the status of equity, not of debt.
A type of bond that is secured on the company's assets. This means that if the company goes bust, debenture holders are more likely to get their money back because the company's assets will be sold and the proceeds distributed to them first before other stock and share holders. Bonds that aren't secured in this way are known as loan stocks.
A stock issued under an agreement that provides for fixed payments at scheduled intervals. A debenture stock is more similar to a preferred stock than a debenture. In the case of a company's liquidation, it is treated as an equity. Investors will not receive payment until all debt is paid. See: Debenture
debt/equity ratio denomination