debenture bond

• Type d'instrument de dette qui n'est pas adossé à des actifs physiques ou à une garantie, mais repose sur la solvabilité et la réputation de l'émetteur, généralement utilisé par les entreprises ou les gouvernements pour lever des capitaux.

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.

   Obligation non garantie

   • 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.