Associations to the word «Debenture»

Wiktionary

DEBENTURE, noun. A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
DEBENTURE, noun. (obsolete) A certificate of a loan made to the government; a government bond.
DEBENTURE, noun. (finance) A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well established corporations with adequate credit ratings.

Dictionary definition

DEBENTURE, 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.
DEBENTURE, noun. A certificate or voucher acknowledging a debt.

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky