Friday, February 13, 2009

debenture Hear it!

debenture definition

de·ben·ture (di benc̸hər)

noun

  1. a voucher or certificate acknowledging that a debt is owed by the signer
  2. a customhouse order for payment of a drawback, as to an importer
  3. an interest-bearing bond issued against the general credit of a corporation or governmental unit, with no specific pledge of assets

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