debenture bond

• Eine Schuldverschreibung, die nicht durch dingliche Sicherheiten oder Pfandrechte gedeckt ist, sondern auf der Kreditwürdigkeit und dem Ruf des Emittenten beruht; wird meist von Unternehmen oder Staaten zur Kapitalbeschaffung genutzt.

A type of debt instrument that is not secured by physical assets or collateral, relying instead on the creditworthiness and reputation of the issuer, typically used by corporations or governments to raise capital.

1. Unsecured debt instrumentC1formal

   A type of bond that is not backed by physical assets or collateral, relying instead on the creditworthiness and reputation of the issuer.

   Unbesicherte Schuldverschreibung

   • The company issued debenture bonds to raise capital for expansion.
   • Investors considered the debenture bond a safe investment due to the firm's strong credit rating.
   • Unlike secured bonds, a debenture bond offers no claim on specific assets if the issuer defaults.