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Definition of



acceptance by firm of debt obligation the written acknowledgment of a debt by a company, usually given under its seal and containing provisions as to payment of interest and principal. A debenture may be secured on some or all of the assets of the company or its subsidiaries.

Definitions of ’debenture’ and meaning of ’debenture’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’debenture’ and other financial terms with our online QFINANCE Financial Dictionary.

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