Debenture

Debenture

1. 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.

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Part of Speech: noun
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Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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debenture

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1. 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 ...

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