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Noun: debenture  di'ben-chu(r)
  1. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
    - unsecured bond, debenture bond
  2. (law) a certificate or voucher acknowledging a debt

Derived forms: debentures

Type of: bond, bond certificate, instrument, legal document, legal instrument, official document

Encyclopedia: Debenture