Debenture

Debenture definition

/dɪˈbɛntʃə/

What does Debenture mean?

An instrument which either acknowledges or creates a debt. In secured lending transactions the term is commonly used to denote an instrument creating fixed and floating charges over all the assets and undertakings of a company.

Variances

Fixed Charge Debenture
Floating Charge Debenture

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