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Word: debenture
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Meaning:
Noun:
- A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
- 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.
- obsolete A certificate of a loan made to the government; a government bond.
Source: Wiktionary
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