debenture bond

noun

a corporate bond unsecured by any mortgage, dependent on the credit of the issuer.

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Word History and Origins

Origin of debenture bond¹

First recorded in 1865–70

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Example Sentences

Examples have not been reviewed.

In the debenture bond there is no security proper: only the covenant for payment by the company.

From

"She holds some of our debenture bonds, you know," says Mr. Robert, "and I gather that she has been somewhat disturbed by these reorganization rumors."

From

The Marquis of Lambeth has come into the market and bought up two-thirds of the Astrakhan Grand Trunk debenture bonds, just as our house had speculated for the fall.

From

debenture de Bèze

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