debenture
- An unsecured loan evidenced by a bond, which relies on the creditworthiness of the issuer rather than a lien on property for repayment
- The corporation issued debentures to finance its new development project.
- Investors bought debentures from the company, trusting in its overall financial health.
- Due to its high credit rating, the company was able to issue debentures to raise funds.
Provide Feedback