Debenture*

2015 07 01 | Category: Offshore Glossary

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Debenture*
Debt instrument evidencing the borrower’s right to receive interest and principal installments from the named obligor. Unsecured debt is backed only by the integrity of the borrower, not by collateral (security). Applies to all forms of unsecured, long-term debt and evidenced by an agreement called an indenture.


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