An unsecured debt instrument issued by a corporation and backed only by the creditworthiness of the issuer. The terms of the debt are spelled out in a contract called an indenture. Because of the increased the risk associated with an unsecured debt, it typically pays a higher interest rate than one secured by collateral. See Convertible Debenture; subordinate debenture.
Browse by Subjects
debenture holder
funded debt
long-term debt
premium on redemption
unsecured debt
See All Related Terms »

call price
year-over-year (YOY)
work permit
direct labour costs
tax dodge