Understanding the meaning of debenture

debenture

/dɪ'bɛnʧər/

noun
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
- + New List
Similar:

debenture bond unsecured bond

type of:
bond certificate bond
noun
a certificate or voucher acknowledging a debt
- + New List
type of:
official document instrument legal document legal instrument

Explanation of debenture

We don`t have explanations for this word yet.

Boost your vocab and unleash your potential!