debenture (EN)

noun

noun “debenture”

1. a bond issued by a company that is not backed by assets or collateral
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   The corporation financed its operations by issuing debentures to investors.
2. a document that gives lenders the right to take the borrower's assets if the loan is not repaid
   To secure the loan, the bank required a debenture over the company's assets.
3. a certificate that shows that someone owes money to another person
   When he lent money to the business, he received a debenture as proof of the debt.