Business / Taxes / Debenture: A debenture is an unsecured bond. Most bonds issued by corporations are debentures, which are backed by its reputation rather than by any collateral, such as the company's buildings or its inventory. Although debentures sound riskier than secured bonds, they aren't when they're issued by well-established companies with good credit ratings.

Debenture Stock

Business / Finance / Debenture Stock: An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond and collateral trust b MORE

Debenture Bond

Business / Finance / Debenture Bond: Any debt obligation backed strictly by the borrower's integrity, e.g. an unsecured bond. A debenture is documented in an indenture. MORE

Consumer Debenture

Business / Finance / Consumer Debenture: Federal legislation establishing rules for the disclosure of the terms of a loan to protect borrowers. See: Truth in lending. MORE