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debenture
(redirected from debenture bonds)

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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.
debenture
A corporate bond that is not secured by specific property. In the event that the issuer is liquidated, the holder of a debenture becomes a general creditor and therefore is less likely than the secured creditors to recover in full. Because of their high risk factor, debentures pay higher rates of interest than secured debt of the same issuer. See also subordinated debenture.
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These bonds are not secured with assets but are debenture bonds, subordinate to bank debt.
You can be your own white knight by Hackett, Lee P. / Financial Executive
CCM's other debt components are a $30 million bank loan and $54 million peso-denominated debenture bonds.
Fitch Rts Controladora Comercial Mexicana 'BBB-' by Business Wire
The debenture bonds have a face value of $11 and are the result of an exchange offer completed on April 27, 1999 in which 460,262 shares of Thermwood common stock were exchanged for subordinated debentures in the principal amount of $5,062,882.
Thermwood Debenture Bonds Listed on the AMEX by Business Wire
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