Debenture vs Annuity - What's the difference?
debenture | annuity |
A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
(obsolete) A certificate of a loan made to the government; a government bond.
* 1942 , Elliot Paul, The Last Time I Saw Paris , Sickle Moon 2001, p. 72:
(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.
*
, title=The Mirror and the Lamp
, chapter=2 A specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment. For example, a retirement annuity paid to a public officer following his or her retirement.
The right to receive such an income.
The duty to make such a payment or payments.
As nouns the difference between debenture and annuity
is that debenture is a certificate that certifies an amount of money owed to someone; a certificate of indebtedness while annuity is a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient’s life, in consideration of a stipulated premium paid either in prior installment payments or in a single payment for example, a retirement annuity paid to a public officer following his or her retirement.debenture
English
(wikipedia debenture)Noun
(en noun)- Madame Corre, who made the important decisions after her plodding husband had spent hours on the ledger, sold the family debentures and put the money into Dutch decurities.
citation, passage=That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.}}