debenture


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Synonyms for debenture

the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future

a certificate or voucher acknowledging a debt

References in periodicals archive ?
Pursuant to the reorganization, X acquires all of the outstanding Y debentures in exchange for an equal amount of X debentures.
Example: FS sells a debenture at its face value of $10x.