Debenture: Canada Debt .ca defines Debenture

Bankruptcy Term Debenture

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Canada Debt has the definition to the bankruptcy and debt term Debenture. Finding answers to terms such as Debenture can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Debenture in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Debenture' is used as follows:

Security instrument evidencing a debt due from one party to another, payable on demand or otherwise, which can be a fixed and/or floating charge on assets and which can grant the lender broad powers to recover the amount due upon default, including the appointment of a receiver or receiver-manager.