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debenture - n., a certificate or voucher acknowledging a debt.
Specifically, a (usually) corporate bond issued against expected earnings (rather than being secured as a lien against assets). Use seems to be primarily British, from the 15th century. From Middle English debentur, from Latin dēbentur in the opening phrase of such bonds "Dēbentur mihi" (they are due to me), being the third person plural passive of dēbēre, to owe.
"Some of the older debenture holders are bound to get shirty."
---L.
Specifically, a (usually) corporate bond issued against expected earnings (rather than being secured as a lien against assets). Use seems to be primarily British, from the 15th century. From Middle English debentur, from Latin dēbentur in the opening phrase of such bonds "Dēbentur mihi" (they are due to me), being the third person plural passive of dēbēre, to owe.
"Some of the older debenture holders are bound to get shirty."
---L.
