debenture

noun

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

   noun.possession

   Synonyms debenture bond unsecured bond

   Antonyms secured bond

   Source: WordNet 3.0

2. a certificate or voucher acknowledging a debt

   noun.communication

   Source: WordNet 3.0

3. A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due.

   noun

   Source: webster1913

4. Any of various instruments issued, esp. by corporations, as evidences of debt. Such instruments (often called <b>debenture bonds</b>) are generally, through not necessarily, under seal, and are usually secured by a mortgage or other charge upon property; they may be registered or unregistered. A debenture secured by a mortgage on specific property is called a <b>mortgage debenture</b>; one secured by a floating charge (which see), a <b>floating debenture</b>; one not secured by any charge <b>a naked debenture</b>. In general the term <i>debenture</i> in British usage designates any security issued by companies other than their shares, including, therefore, what are in the United States commonly called <i>bonds</i>. When used in the United States <i>debenture</i> generally designates an instrument secured by a floating charge junior to other charges secured by fixed mortgages, or, specif., one of a series of securities secured by a group of securities held in trust for the benefit of the debenture holders.

   noun

   Source: webster1913