Debenture(redirected from Debentured)
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Related to Debentured: bonds, preference shares, Convertible Debentures
A debenture is an unsecured bond. Most bonds issued by corporations are debentures, which are backed by their 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.
An unsecured note or bond.