mortgage debenture
Debenture De*ben"ture (?; 135), n. [L. debentur they are due, fr. debere to owe; cf. F. debentur. So called because these receipts began with the words Debentur mihi.] 1. A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due. [1913 Webster]

2. A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation. --Burrill. [1913 Webster]

Note: It is applied in England to deeds of mortgage given by railway companies for borrowed money; also to municipal and other bonds and securities for money loaned. [1913 Webster]

3. Any of various instruments issued, esp. by corporations, as evidences of debt. Such instruments (often called

{debenture bonds}) are generally, through not necessarily, under seal, and are usually secured by a mortgage or other charge upon property; they may be registered or unregistered. A debenture secured by a mortgage on specific property is called a

{mortgage debenture}; one secured by a floating charge (which see), a

{floating debenture}; one not secured by any charge

{a naked debenture}. In general the term debenture in British usage designates any security issued by companies other than their shares, including, therefore, what are in the United States commonly called {bonds}. When used in the United States debenture generally designates an instrument secured by a floating charge junior to other charges secured by fixed mortgages, or, specif., one of a series of securities secured by a group of securities held in trust for the benefit of the debenture holders. [Webster 1913 Suppl.]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • mortgage debenture — A loan made to a company by an investor, secured on the real property of the company. See debenture …   Big dictionary of business and management

  • mortgage debenture — /mɔgɪdʒ dəˈbɛntʃə/ (say mawgij duh benchuh) noun → debenture (def. 2) …   Australian English dictionary

  • mortgage debenture — / mɔ:gɪdʒ dɪˌbentʃə/ noun a debenture where the lender can be repaid by selling the company’s property …   Dictionary of banking and finance

  • first mortgage debenture — A debenture with the first charge over property owned by a company. Such debentures are most commonly issued by property companies …   Accounting dictionary

  • first mortgage debenture — A debenture with the first charge over property owned by a company. Such debentures are most commonly issued by property companies …   Big dictionary of business and management

  • Debenture — De*ben ture (?; 135), n. [L. debentur they are due, fr. debere to owe; cf. F. debentur. So called because these receipts began with the words Debentur mihi.] 1. A writing acknowledging a debt; a writing or certificate signed by a public officer,… …   The Collaborative International Dictionary of English

  • debenture bonds — Debenture De*ben ture (?; 135), n. [L. debentur they are due, fr. debere to owe; cf. F. debentur. So called because these receipts began with the words Debentur mihi.] 1. A writing acknowledging a debt; a writing or certificate signed by a public …   The Collaborative International Dictionary of English

  • mortgage — n 1.Law. pledge, guaranty, warranty, security, collateral security. 2. bond, debenture, debenture bond, mortgage debenture, lien, mortgage instrument. v 3. obligate, pledge, hypothecate, put up for security, place under lien, Inf. hock …   A Note on the Style of the synonym finder

  • debenture — /dəˈbɛntʃə / (say duh benchuh) noun 1. a note or certificate acknowledging a debt, as given by an incorporated company or other private organisation; the corporate equivalent of a government bond (def. 11). 2. a deed containing a charge or… …   Australian English dictionary

  • debenture — de·ben·ture /di ben chər/ n [Anglo French debentour and Medieval Latin debentura, perhaps from Latin debentur they are owed]: an unsecured bond that is backed by the issuer s general credit rather than a specific lien – called also debenture… …   Law dictionary

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