Debenture

/dɛbˈɛnt‍ʃɐ/

/dəˈbɛntʃɝ/

[noun]

Debenture

[NOUN]

a certificate or voucher acknowledging a debt

the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future

synonyms : debenture bond

unsecured bond

antonyms : secured bond

Examples

1. I couldn't tell you what a debenture was.

2. Whether it's a public company, a private investment, or some other convertible debenture or common equity, we're agnostic to that.

3. I mean every debenture capital in the world loves it when risk gets taken out of a project much faster than capital goes in because then you are creating value.