About The Word Debenture stock

Bay Area Crosswords

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Debenture stock

Debenture stock Meaning & Definition
Debenture stock Definition And Meaning

What's The Definition Of Debenture stock?

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Debenture stock In Webster's Dictionary

\Debenture stock\ (Finance) 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. [Eng.]

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