debenture

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
  2. noun a certificate or voucher acknowledging a debt

Etymology

From earlier debentur, from Latin debentur (“they are owing”), supposedly the first word of such a document in early times. The ending was apparently influenced by words in -(t)ure.

In classic literature

Synonyms

unsecured bond, debenture bond

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