The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament.
Webster's Revised Unabridged Dictionary
| APA | Webster's. (2011). debenture stock. Retrieved September 21, 2026, from http://smartdefine.org/debenture_stock/definitions/1994773 |
| Chicago | Webster's. 2011. "debenture stock" http://smartdefine.org/debenture_stock/definitions/1994773 (accessed September 21, 2026). |
| Harvard | Webster's 2011, debenture stock, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/debenture_stock/definitions/1994773>. |
| MLA | Webster's. "debenture stock" 27 May 2011. Web. 21 September 2026. <http://smartdefine.org/debenture_stock/definitions/1994773> |