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debenture |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Debenture An unsecured debt backed only by the credit worthiness of the borrower. Notes: Debentures have no collateral, and the agreement is documented by an indenture. The yields may vary from high to low depending on who backs the debenture. Debenture Any debt obligation backed strictly by the borrower's integrity, e.g. an unsecured bond. A debenture is documented in an indenture.
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98-10 involves the determination of whether the surrender of target debentures in exchange for acquiring debentures is subject to nonrecognition treatment if the acquiring and target corporations are both parties to the same reorganization under Sec. 00% Exchangeable Senior Debentures due 2025 (the "Debentures"). Cincinnati, Ohio (NASDAQ:VIVO) today announced that it has called for redemption on March 1, 2007, all of its outstanding 5% Convertible Subordinated Debentures due September 1, 2013, at a 1% call premium plus accrued interest. |
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