DEBENTURE INDENTURE

Definition of DEBENTURE INDENTURE in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.

Definition of DEBENTURE INDENTURE

An indenture containing obligations not secured by a mortgage or other collateral; a key instrument in the process of long term debt financing for general business corporations. Its effect is to put the debentureholder in substantially the same practical position as a bondholder secured by a first mortgage. See "Business Lawyer" ( April 1966, pp. 678, 679, 680).

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