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Debenture
01
a financial pact with details about interest rates and when the borrowed money will be paid back, not tied to any specific belongings
Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
debentures
Examples
The company issued a debenture to raise funds for its expansion project
02
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
