Debenture bonds

debenture bond

noun
a corporate bond unsecured by any mortgage, dependent on the credit of the issuer.

Origin:
1865–70

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
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 [syn: unsecured bond] [ant: secured bond
WordNet® 3.0, © 2006 by Princeton University.
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