debenture Meaning, Definition & Usage
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noun the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
unsecured bond; debenture bond.
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noun a certificate or voucher acknowledging a debt
WordNet
De*ben"ture noun
Etymology
L.Definitions
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A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due. -
A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation. Burrill.It is applied in England to deeds of mortgage given by railway companies for borrowed money; also to municipal and other bonds and securities for money loaned.