debenture

noun

de·​ben·​ture di-ˈben-chər How to pronounce debenture (audio)
1
British : a corporate security other than an equity security : bond
2
: a bond backed by the general credit of the issuer rather than a specific lien on particular assets

Examples of debenture in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Centre Court debentures for 2026 to 2030 inclusive were issued at £116,000 ($156,462 at the current rate). Charlie Eccleshare, New York Times, 12 July 2025 Over the decades, the debentures have covered costs of projects such as retractable roofs and new courts. Nicole Hoey, Robb Report, 2 July 2025 The booming debenture market fits into an exploding sports market in general, Bloomberg reported. Nicole Hoey, Robb Report, 2 July 2025 Check out the companies making headlines in midday trading: Plug Power — The hydrogen fuel cell developer jumped 26% after signing a deal to issue up to $525 million in secured debentures. Lisa Kailai Han, CNBC, 28 Apr. 2025 The company has raised funds through the issuance of convertible debentures and notes payable, with net proceeds of $2,305,000 used to support its data center development. Quartz Intelligence Newsroom, Quartz, 2 Apr. 2025 Sunbeam’s 1997 10K, issued two weeks before die sale of the debentures, shows that in December 1997 Sunbeam sold $60 million in accounts receivable to raise cash. Matt Schifrin, Forbes, 21 Feb. 2025 The restructuring included the issuance of new secured and unsecured debentures. Quartz Intelligence Newsroom, Quartz, 24 Mar. 2025 The deal with Perelman was financed in part by $2 billion (face amount) of 5% zero coupon convertible debentures, raising $750 million, convertible into Sunbeam stock at a price of $57 per share. Matt Schifrin, Forbes, 21 Feb. 2025

Word History

Etymology

Middle English debentur, from Latin, they are due, 3rd plural present passive of debēre to owe — more at debt

First Known Use

15th century, in the meaning defined at sense 1

Time Traveler
The first known use of debenture was in the 15th century

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Cite this Entry

“Debenture.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/debenture. Accessed 23 Jul. 2025.

Legal Definition

debenture

noun
de·​ben·​ture di-ˈben-chər How to pronounce debenture (audio)
: an unsecured bond that is backed by the issuer's general credit rather than a specific lien

called also debenture bond

see also indenture compare mortgage bond at bond

Note: Debentures are often convertible to stocks.

Etymology

Anglo-French debentour and Medieval Latin debentura, perhaps from Latin debentur they are owed

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