Define: Debenture

UK Accounting Glossary

Definition: Debenture


Quick Summary of Debenture


A written acknowledgement of a debt – a name used for loan financing taken up by a company.



What is the dictionary definition of Debenture?

Dictionary Definition


  1. A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
  2. obsolete A certificate of a loan made to the government; a government bond.
  3. finance A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well-established corporations with adequate credit ratings.

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Full Definition of Debenture


debenture is an agreement between a lender and a borrower which is registered at Companies House and lodged against your company’s assets.


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Examples of Debenture in a sentence


The issued share and debenture capital of the company as of the 31st Dec 2017 was: – The company has a reserve fund of £4,732,169, the major part of which is invested in the business.
When the money was lent, solicitors drew up the debenture to be signed by all parties representing the financially challenged business and the bank.



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Page URL
https://payrollheaven.com/define/debenture/
Modern Language Association (MLA):
Debenture. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 15, 2019 https://payrollheaven.com/define/debenture/.
Chicago Manual of Style (CMS):
Debenture. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/debenture/ (accessed: September 15, 2019).
American Psychological Association (APA):
Debenture. PayrollHeaven.com. Retrieved September 15, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/debenture/

Definition Sources


Definitions for Debenture are sourced/syndicated from:


This glossary post was last updated: 23rd December 2018.