For Debenture we have terms and definitions in 5 topics. The topics are Accounting, Finance, Frauds and Scams, International Economics and Real Estate.

Debenture (Accounting)

is a corporate IOU that is not backed by the company's assets (unsecured) and is therefore somewhat riskier than a bond.

Debenture (Finance)

Any debt obligation backed strictly by the borrower's integrity, e.g. an unsecured bond. A debenture is documented in an indenture.

Debenture (Frauds and Scams)

An unsecured (without collateral) bond backed only by the integrity of the issuer (borrower). The parameters of the bond are set forth in an agreement called an indenture.

Debenture (International Economics)

1. A debt that is not backed by collateral, but only by the credit and good faith of the borrower.
2. A certificate issued by customs authorities entitling an exporter of imported goods to be paid back duties that have been paid when they were imported. Such a refund is called a drawback.

Debenture (Real Estate)

A type of long-term bond or note given as evidence of debt. Unlike a mortgage note, a debenture is not secured by a specific property. Fannie Mae issues debentures to finance the acquisition of mortgages in the secondary mortgage market. If a borrower defaults on an FHA loan, the government gives interest-bearing debentures to the mortgagee after the title is transferred to FHA. (See Fannie Mae, FHA)

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