noun
- bonds or certificates of debt issued by a company or government, typically unsecured and backed only by the issuer’s creditworthiness
Usage: finance; business
Examples
- The company issued debentures to raise capital for expansion.
- Investors purchased government debentures as a safe investment option.
- The debentures offered a fixed interest rate of 5% annually.
- Corporate debentures carry higher risk than government bonds.
- She diversified her portfolio by buying both stocks and debentures.
- The debentures will mature in ten years with full repayment of principal.