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Pronounce Debenture as D EH B EH N T UW R EH.
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Continue readinga document admitting to owing money usually used with big corporations
unsecured bond, debenture, debenture bond(noun)the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
debenture(noun)a certificate or voucher acknowledging a debt
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1. When the money was lent, lawyers drew up the debenture to be signed by all parties representing the financially struggling business and the bank.
2. Instead of declaring bankruptcy, Kmart decided to take out a loan and sign a debenture so that the company had the credentials showing their debt.
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