Crossword clues for debenture
Longman Dictionary of Contemporary English
The Collaborative International Dictionary
Debenture \De*ben"ture\ (?; 135), n. [L. debentur they are due, fr. debere to owe; cf. F. debentur. So called because these receipts began with the words Debentur mihi.]
A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due.
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A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation.
--Burrill.Note: It is applied in England to deeds of mortgage given by railway companies for borrowed money; also to municipal and other bonds and securities for money loaned.
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Any of various instruments issued, esp. by corporations, as evidences of debt. Such instruments (often called
debenture bonds) are generally, through not necessarily, under seal, and are usually secured by a mortgage or other charge upon property; they may be registered or unregistered. A debenture secured by a mortgage on specific property is called a
mortgage debenture; one secured by a floating charge (which see), a
floating debenture; one not secured by any charge
a naked debenture. In general the term debenture in British usage designates any security issued by companies other than their shares, including, therefore, what are in the United States commonly called bonds. When used in the United States debenture generally designates an instrument secured by a floating charge junior to other charges secured by fixed mortgages, or, specif., one of a series of securities secured by a group of securities held in trust for the benefit of the debenture holders.
Douglas Harper's Etymology Dictionary
"written acknowledgment of a debt," early 15c., from Latin debentur "there are due" (said to have been the first word in formal certificates of indebtedness), passive present third person plural of debere "to owe" (see debt).
Wiktionary
n. 1 A certificate that certifies an amount of money owed to someone; a certificate of indebtedness. 2 (context obsolete English) A certificate of a loan made to the government; a government bond. 3 (context finance English) 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.
WordNet
n. a bond that is backed by the credit of the issuer but not by any specific collateral [syn: unsecured bond, debenture bond] [ant: secured bond]
a certificate or voucher acknowledging a debt
Wikipedia
In corporate finance, a debenture is a medium to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture" originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note. A debenture is thus like a certificate of loan or a loan bond evidencing the fact that the company is liable to pay a specified amount with interest and although the money raised by the debentures becomes a part of the company's capital structure, it does not become share capital. Senior debentures get paid before subordinate debentures, and there are varying rates of risk and payoff for these categories.
Debentures are generally freely transferable by the debenture holder. Debenture holders have no rights to vote in the company's general meetings of shareholders, but they may have separate meetings or votes e.g. on changes to the rights attached to the debentures. The interest paid to them is a charge against profit in the company's financial statements.
In sport, a debenture is defined as a certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return (fixed on the basis of interest rates) and the principal amount whenever the debenture matures. The terms may also include ancillary benefits such as an option to buy tickets at a favourable price, as well as or instead of interest. The term stems from the financial concept of a debenture.
A large number of sporting organisations have issued debentures to raise money, to allow their fans to gain a financial stake in the club, to foster a sense of community, and in some cases to fund new construction.
Usage examples of "debenture".
We mean stand around outside with the other tourists staring incomprehendingly at the menu, which should look like this: CARTE DE MENU Les Petites Eyeballes de Mackerelle en Huile de Voiture Le Debenture en Camisole au Bibliothieque Le Spamme avec un Side de Fries Le Poisson du Votre Fr6re Raoul Le Roni du Zoo en La Ware de la Tupper Prix Pour Le Wholle Ball de Waxe: 156,000,000,000,000,000 Franks.
A bill was accordingly brought in, importing, that interest after the rate of three per cent, should be allowed upon every debenture, for the bounty on the exportation of com, payable by the receiver-general or cashier of the customs, until the principal could be discharged out of such customs or duties as are appropriated for the payment of this bounty.
We mean stand around outside with the other tourists staring incomprehendingly at the menu, which should look like this: CARTE DE MENU Les Petites Eyeballes de Mackerelle en Huile de Voiture Le Debenture en Camisole au Bibliothieque Le Spamme avec un Side de Fries Le Poisson du Votre Fr6re Raoul Le Roni du Zoo en La Ware de la Tupper Prix Pour Le Wholle Ball de Waxe: 156,000,000,000,000,000 Franks.
At the grain exchange rye debentures brought nine gulden sixty a hundredweight: money.
Should the Scarlatti Industries conclude the purchase of the remaining convertible debentures in Sheffield Cutlery and by exercising the conversions gain control of the company or not?
Whether the Utopian company will be allowed to prefer this class of share to that or to issue debentures, whether indeed usury, that is to say lending money at fixed rates of interest, will be permitted at all in Utopia, one may venture to doubt.
We need some diversity, some other role models for the next generation, or no one will be able to speak in anything except debentures, compound interest, and multiple mergers.
For the present Brauksel, who is a know-it-all, prefers to have done with conjectures: for regardless of whether it was love or debentures that brought Lottchen Tiede into his house, and regardless of whether he sat in the Fishermen's Church in Bohnsack on Sundays as a baptized Jew or a baptized Christian, Albrecht Amsel, the dynamic merchant of the Lower Vistula, who, it might be added, was also the broad-shouldered cofounder of the Bohnsack Athletic Club reg.
It was back when new issues of convertible debentures were coming out and selling in the aftermarket at big premiums.
He was holding the payment in a special cash account, and when the debentures would arrive, Gary would grab them and deliver them to the brokerage house for proper transfer to the new buyer, and they would be paid for out of the cash account.
Some of the words I defined for my readers were: common stock, preferred stock, bonds, municipal bonds, debentures, margin, selling short, puts and calls, living trust, joint tenancy, tenants in common, float, load, points, deficiency judgement, call money, prime rate, gold standard, flat money, easement, fee simple, eminent domain, public domain, copyright, patent, etc.
Nyquist had all the definitions beautifully arranged: common stocks and preferred, shores and longs, puts and calls, debentures, convertibles, capital gains, special situations, closed-end versus open-end funds, secondary offerings, specialists and what they do, the over-the-counter market, the Dow-Jones averages, point-and-figure charts, and everything else.
I struggled to be part of the crowd, just another wage-slave going to work, thinking only of profit and loss and debenture bonds.
He said that for the good of the bank, and to save me and my family from the kind of publicity an indictment would bring, regardless of my decision on whether or not to let the Feds clean out all the liquid assets in the Lewellen girl's inheritance, he would go ahead and try to erase all traces of my involvement in the debenture swindle.