Debenture in a Sentence  ðŸ”Š

Definition of Debenture

a document admitting to owing money usually used with big corporations

Examples of Debenture in a sentence

After publicizing the debenture, it became known to the country that this large company was obligated to pay large sums of money back to the lending institution.  ðŸ”Š

When the money was lent, lawyers drew up the debenture to be signed by all parties representing the financially struggling business and the bank.  ðŸ”Š

Instead of declaring bankruptcy, Kmart decided to take out a loan and sign a debenture so that the company had the credentials showing their debt.  ðŸ”Š

When a company signs a debenture, it is benefiting to get a loan but is under obligation to pay it back plus interest.  ðŸ”Š

Due to the debenture, the CEO of the large company needed to know how much the payoff amount was since they had paid on this debt for years.  ðŸ”Š

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