debenture

English

Etymology

Originally debentur, from Latin debentur (“there are owing”), supposedly the first word of such a document in early times.

Pronunciation

• (UK) IPA^(key): /dɪˈbɛntjʊə/, /dɪˈbɛntʃə/

• Audio (Southern England)

  (file)

Noun

debenture (plural debentures)

1. A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
2. (obsolete) A certificate of a loan made to the government; a government bond.
   • 1942, Elliot Paul, The Last Time I Saw Paris, Sickle Moon, published 2001, page 72:

     Madame Corre, who made the important decisions after her plodding husband had spent hours on the ledger, sold the family debentures and put the money into Dutch decurities.

3. (finance, US) A type of debt instrument secured only by the general credit or promise to pay of the issuer, not involving any physical assets or collateral, now commonly issued by large, well established corporations with adequate credit ratings.
4. (finance, UK) A document granting lenders a charge over a borrower’s physical assets, giving them a means to collect a debt, as part of a secured loan.
   • 1918, W[illiam] B[abington] Maxwell, chapter II, in The Mirror and the Lamp, Indianapolis, Ind.: The Bobbs-Merrill Company, →OCLC:

     That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.

Derived terms

• debenture bond
• debenture holder, debentureholder
• debenture stock

Translations

certificate that certifies an amount of money owed to someone

• Bulgarian: разпи́ска за дълг f (razpíska za dǎlg)
• Chinese:

  Mandarin: 債券／债券 (zh) (zhàiquàn)

• Czech: dlužní úpis m
• Finnish: velkakirja (fi)
• French: débenture (fr) f
• Greek: ομολογία (el) f (omología)
• Gujarati: ઋણપત્ર (ŕṇapatra)
• Japanese: 債券 (ja) (さいけん, saiken)
• Maori: tipenetua
• Russian: долгово́е обяза́тельство n (dolgovóje objazátelʹstvo), долгова́я распи́ска f (dolgovája raspíska)
• Yiddish: אָבליגאַציע f (obligatsye)

government bond — see government bond

finance: type of debt instrument secured only by the general credit of the issuer

• Finnish: debentuuri (fi)

finance: document granting lenders a charge over a borrower’s physical assets, as part of a secured loan

• Finnish: katettu joukkovelkakirja

The translations below need to be checked and inserted above into the appropriate translation tables. See instructions at Wiktionary:Entry layout § Translations.

Translations to be checked

• Bulgarian: ^{(please verify)} облига́ция f (obligácija)
• Chinese:

  Mandarin: ^{(please verify)} 債券／债券 (zh) (zhàiquàn)

• Czech: ^{(please verify)} obligace (cs) f, ^{(please verify)} dluhopis (cs) m
• Dutch: ^{(please verify)} obligatie (nl)
• French: ^{(please verify)} débenture (fr) f, ^{(please verify)} obligation (fr) f
• German: ^{(please verify)} Obligation (de) f
• Gujarati: ^{(please verify)} ઋણપત્ર (ŕṇapatra)
• Japanese: ^{(please verify)} 債券 (ja) (さいけん, saiken)
• Russian: ^{(please verify)} облига́ция (ru) f (obligácija), ^{(please verify)} бонд (ru) m (bond)
• Spanish: ^{(please verify)} bono (es) m, ^{(please verify)} obligación (es) f

Further reading

• debenture on Wikipedia.Wikipedia