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Debenture
What does it mean?
An unsecured debt backed only by the credit worthiness of the borrower.
In Other Words...
Debentures have no collateral, and the agreement is documented by an indenture. The yields may vary from high to low depending on who backs the debenture.
Related Links
Bond Basics Tutorial - What are bonds and do they belong in your portfolio? Get all the answers in this comprehensive tutorial.
Related Terms
Convertible Debenture | Debt | Indenture
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A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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