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Debenture
01
obligación, vale
a financial pact with details about interest rates and when the borrowed money will be paid back, not tied to any specific belongings
Example
The debenture specified the annual interest payments and maturity date.
The debenture outlined the terms for repayment over a ten-year period.
Unlike secured bonds, this debenture was not tied to any specific assets.
02
crédito, obligación
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
Ejemplo
The debenture specified the annual interest payments and maturity date.
The debenture outlined the terms for repayment over a ten-year period.
Unlike secured bonds, this debenture was not tied to any specific assets.
The company issued a debenture to raise funds for its expansion project
She purchased a debenture from the corporation to secure a steady income stream.
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