debentures


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Debenture

A debt security, issued by a government or large company, that is not secured by an asset or lien, but rather by the all issuer's assets not otherwise secured. That is, a debenture carries no collateral and is considered unsecured; in case of bankruptcy, the debenture holder is considered a general creditor. A debenture can be traded, and the term is often interchangeable with a bond. Debentures issued by governments are considered risk-free. See also: Treasury security.

debentures

a means of financing companies through fixed-interest LOANS secured against company ASSETS. In some cases the company may offer a specific asset such as a particular machine as security for the loan (fixed charge); in other cases lenders are offered security by means of a general claim against all company assets in the event of default (floating charge). Most debentures are redeemable by the borrower at a future specified date, say 10 or 15 years from the date of issue. Some debentures, however, are irredeemable and never have to be repaid, the lender continuing to be rewarded through interest payments forever. See LOAN CAPITAL, CONVERTIBLE LOAN STOCK.

debentures

a means of financing companies through fixed-interest LOANS secured against company ASSETS.

In some cases the company may offer a specific asset, such as a particular machine, as security for the loan; in other cases lenders are offered security by means of a general claim against all company assets in the event of default. See LOAN CAPITAL.

References in periodicals archive ?
98-10) that, although some of the Y shareholders also own Y debentures, a substantial portion of the Y debentures were owned by persons who own no Y stock.
Regent Securities Capital Corporation and Shoreline Pacific, LLC served as the placement agents for the issuance and sale of the convertible debentures and related warrants.
After first concluding that Parent's basis in the debenture was equal to the value of the stock issued in the conversion, the ruling concluded that Parent would recognize "gain or loss" on a subsequent sale or exchange of the debenture.
The rating assigned to the debentures is equivalent to Cemex's foreign currency and local currency Issuer Default Ratings (IDR) in line with Fitch's criteria for rating preferred stock and hybrid securities.
There can be no assurance concerning the outcomes of the hearing request, the special committee's review, the SEC informal inquiry or the effect of the potential acceleration of the Debentures.
In addition, documents specifying the terms, conditions and procedures for surrendering and withdrawing Debentures for purchase will be available through The Depository Trust Company and the paying agent.
A debenture with Soccrent Nouvelles Technologies including accrued interest and management fees.
Braaten acquired $3,483,000 principal amount of Debentures at a price of $3,483,000, (including $250,000 of Debentures acquired by BFL under its standby commitment), representing 33 % of the Debentures issued.
25% Convertible Subordinated Debentures due 2026 to be issued to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
Icefloe") (TSX VENTURE:ICY) is pleased to announce the closing of a brokered private placement of 10 % Senior Secured Convertible Debentures (the "Debentures") in the amount of $150,000 (the "Private Placement") on February 10, 2006.
announces that the period of convertibility of its Series B 2% Convertible Debentures due May 1, 2024 and its 2% Convertible Debentures due May 1, 2024 (CUSIP Nos.