debenture
Definition
Unsecured debt backed only by the integrity of the borrower, not by collateral, and documented by an agreement called an indenture. One example is an unsecured bond.
Use debenture in a sentence
“ The debenture was something I did not want to talk about because I knew it had to do with my debt. ”
“ You should try to make sure that you fully trust anyone if you are going to allow them to get into a debenture. ”
“ The debenture was a risky position to own but we felt we had spread the small amount of risk around sufficiently. ”
