Unsecured, long-term corporate bonds. Even though debenture holders are not protected by collateral, they still have a legal right to repayment. In the event of default, debenture holders are treated like other unsecured creditors. In addition, debenture holders may benefit from indenture restrictions.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). debentures. Retrieved September 20, 2026, from http://smartdefine.org/debentures/definitions/1151515 |
| Chicago | Barry Goldsmith. 2010. "debentures" http://smartdefine.org/debentures/definitions/1151515 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, debentures, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/debentures/definitions/1151515>. |
| MLA | Barry Goldsmith. "debentures" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/debentures/definitions/1151515> |