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English
debenture
dɪˈbentʃər, dɪˈben.tʃɚ, dɪˈbɛntjʊə, dɪˈbɛntʃə
Meaning: a long-term loan certificate issued by a company
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Example
The company issued a debenture to raise capital for its new expansion project.
The company issued a debenture to raise capital for its new expansion project.
Usage Notes
Usually refers to an unsecured debt instrument backed by the issuer's general credit.
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