define debenture

 

begin quote from:

https://www.google.com/search?q=debentures+meaning&rlz=1C5CHFA_enUS750US750&oq=debentures&aqs=chrome.1.69i57j0l7.8586j0j7&sourceid=chrome&ie=UTF-8

de·ben·ture

/dəˈben(t)SHər/

Learn to pronounce

noun

plural noun: debentures

1. NORTH AMERICAN

   an unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.

   • BRITISH

     a long-term security yielding a fixed rate of interest, issued by a company and secured against assets.