DEBENTURE


Meaning of DEBENTURE in English

[ dɪ'bɛntʃə ]

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

↘(also ~ bond ) N. Amer. an unsecured loan certificate issued by a company.

Origin

ME: from L. debentur 'are owing' (from debere 'owe'), used as the first word of a certificate recording a debt.

Concise Oxford English vocab.      Сжатый оксфордский словарь английского языка.