Debenture stock
Debenture stock Debenture stock (Finance) The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament. [Eng.] [Webster 1913 Suppl.]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • debenture stock — A registered participation in debt issued by a company which is normally freely transferable and is generally listed on a recognised investment exchange. Debenture stock will typically be secured by a floating charge over all the undertaking and… …   Law dictionary

  • debenture stock — A type of stock that makes fixed payments at scheduled intervals of time. Debenture stock differs from a debenture in that it has the status of equity, not debt, in liquidation. Bloomberg Financial Dictionary A form of loan stock legally defined… …   Financial and business terms

  • debenture stock — ▪ finance       loan contract issued by a company or public body specifying an obligation to return borrowed funds and pay interest, secured by all or part of the company s property. Certificates specifying the amount of stock, with coupons for… …   Universalium

  • debenture stock — /dəˈbɛntʃə stɒk/ (say duh benchuh stok) noun a total amount borrowed by a corporation from a number of lenders, and treated as a single stock rather than as a number of separate loans …   Australian English dictionary

  • debenture stock — /dɪ bentʃə stɒk/ noun a capital borrowed by a company, using its fixed assets as security …   Dictionary of banking and finance

  • debenture stock — noun : a corporate security issue common in Great Britain that usually has no fixed maturity date for the principal but that has a fixed claim to interest payments which takes precedence over preferred and common stocks …   Useful 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

  • stock — n 1 a: the equipment, materials, or supplies of a business b: a store or supply accumulated; esp: the inventory of the goods of a merchant or manufacturer 2: the ownership element in a corporation usu. divided into shares and represented by… …   Law dictionary

  • debenture — /dabentyar/ Long term unsecured debt instrument, issued pursuant to an indenture. A promissory note or bond backed by the general credit and earning history of a corporation and usually not secured by a mortgage or lien on any specific property;… …   Black's law dictionary

  • debenture — /dabentyar/ Long term unsecured debt instrument, issued pursuant to an indenture. A promissory note or bond backed by the general credit and earning history of a corporation and usually not secured by a mortgage or lien on any specific property;… …   Black's law dictionary

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