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Debenture vs Indenture - What's the difference?

debenture | indenture |

As nouns the difference between debenture and indenture

is that debenture is a certificate that certifies an amount of money owed to someone; a certificate of indebtedness while indenture is a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice).

As a verb indenture is

to bind a person under such a contract.

debenture

Noun

(en noun)
  • 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:
  • 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.
  • (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 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.}}

    Derived terms

    * debenture bond * debenture stock

    indenture

    Alternative forms

    * endenture

    Noun

    (en noun)
  • (legal) A contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice).
  • (legal) A document, written as duplicates separated by indentations, specifying such a contract.
  • An indentation.
  • Verb

    (indentur)
  • To bind a person under such a contract.
  • To indent; to make hollows, notches, or wrinkles in; to furrow.
  • Though age may creep on, and indenture the brow.

    Derived terms

    * indenturedness *indentured servant * indentureship

    References

    * (EtymOnLine)

    Anagrams

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