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Author Topic: Debenture  (Read 94 times)
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Eugine
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« on: July 05, 2010, 08:55:57 PM »
A type of debt instrument that is not secured by physical asset or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond in order to secure capital. Like other types of bonds, debentures are documented in an indenture.
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