|
|
Consumer debenture |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Consumer debentureAn investment note issued directly to the public by a financial institution.Consumer debenture Similar MatchesDebentureDebenture1. 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. DebentureDebentureA type of long term bond (loan), taken out by a company, which it agrees to repay at a specified future date. The company will usually pay a fixed rate of interest to debenture holders each year until maturity, and if it fails to pay either the interest or the principal amount of the loan when the time comes, the debenture holders can force the company into liquidation and recover their money from a sale of the its assets. Debenture stockDebenture stockA 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. Subordinated debenture bondSubordinated debenture bondAn unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds. High premium convertible debentureHigh premium convertible debentureA bond with a long-term, high-premium, common stock conversion feature. It also offers a competitive interest rate. This type of investment vehicle is aimed at bond investors who want to be able to convert into stock to hedge against inflation. Further Suggestionsstepped interest debenture stocks |
|
|
|