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GLOSSARY

Debenture definition

/»åɪˈ²úÉ›²Ô³Ùʃə/

What does Debenture mean?

In the UK this is a bond secured by a prior claim on the assets of the issuer or, in some circumstances, by specific assets of the issuer. A debenture holder is entitled to appoint a receiver if necessary.

Pensions

In the UK this is a bond secured by a prior claim on the assets of the issuer or, in some circumstances, by specific assets of the issuer. A debenture holder is entitled to appoint a receiver if necessary.

Debenture - Legal Definition


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