Definition of DEBENTURE STOCK in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DEBENTURE STOCK
A stock or fund representing money borrowed by a company or public body, in England, and charged on the whole or part of its property. An issue of stock usually irredeemable and transferable in any amount, not including a fraction of a pound.
The terminability and fixity in amount of debentures being inconvenient to lenders has led to their being in many cases superseded by debenture stock. Whart. Lex.
Debet esse finis litium. There ought to be an end of suits; there should be some period put to litigation. Jenk. Cent. 61.
That's the definition of DEBENTURE STOCK in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.