| 单词 | debenture |
| 释义 | debenture debenture // noun [C, usually pl.] (abbr deb) (AmE also debenture bond [C])
NAKED DEBENTURE
(Finance ) a loan for a long period of time on which a company promises to pay a fixed rate of interest; the official document that is given to the lender NOTE In Britain, debentures are always secured on the company's assets (= the lender will get property or items of value if the company cannot pay back the money). In the US, debentures are not secured in this way: The company issued debentures to certain shareholders. The debentures yielded 10% a year in interest. a debenture holder They can convert the debentures at 86.32¢ a share at any time. |
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