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Webster 1913 Edition


Debenture

De-ben′ture

(?; 135)
,
Noun.
[L.
debentur
they are due, fr.
debere
to owe; cf. F.
debentur
. So called because these receipts began with the words
Debentur mihi
.]
1.
A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due.
2.
A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation.
Burrill.
It is applied in England to deeds of mortgage given by railway companies for borrowed money; also to municipal and other bonds and securities for money loaned.

Webster 1828 Edition


Debenture

DEBEN'TURE

,
Noun.
[Fr. from L. debeo, to owe.]

Definition 2024


debenture

debenture

English

Noun

debenture (plural debentures)

  1. A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
  2. (obsolete) A certificate of a loan made to the government; a government bond.
    • 1942, Elliot Paul, The Last Time I Saw Paris, Sickle Moon 2001, p. 72:
      Madame Corre, who made the important decisions after her plodding husband had spent hours on the ledger, sold the family debentures and put the money into Dutch decurities.
  3. (finance) A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well established corporations with adequate credit ratings.
    • 1918, W. B. Maxwell, chapter 2, in The Mirror and the Lamp:
      That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.

Translations

Derived terms

  • debenture bond
  • debenture stock