1. a type of bond or certificate of debt issued by a company or government that is not secured by physical assets
Usage: finance; business
2. a certificate acknowledging a debt or loan
Usage: formal; legal

Examples

• The company issued debentures to raise capital for expansion.
• Investors purchased government debentures as a safe investment option.
• The debenture pays a fixed interest rate of 5% annually.
• Corporate debentures typically have longer maturity periods than other bonds.
• She signed a debenture acknowledging the loan from the bank.
• The debenture holder has the right to receive interest payments.
• Convertible debentures can be exchanged for company stock under certain conditions.