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LSDefine

Simple English definitions for legal terms

debenture bond

Read a random definition: Employee Retirement Income Security Act

A quick definition of debenture bond:

A debenture bond is a type of loan that a company takes out. It is not secured by any specific asset, but rather by the company's ability to earn money. This means that if the company cannot pay back the loan, the lender cannot take any specific property or asset to recover their money. Instead, they rely on the company's reputation and creditworthiness to pay back the loan. Sometimes, a debenture bond can be converted into stock in the company. There are different types of debenture bonds, such as sinking-fund debentures, subordinate debentures, and convertible debentures. In the past, the word "debenture" was used in different ways, such as to describe a certificate for goods supplied to the Royal Household or a customhouse certificate for a refund of duties on imported goods.

A more thorough explanation:

A debenture bond is a type of bond that is not secured by any specific asset, but rather by the general credit and financial reputation of the corporate issuer. It is an instrument that acknowledges a debt owed by the issuer to the bondholder.

For example, if a company issues a debenture bond, it is essentially borrowing money from investors and promising to pay it back with interest. However, unlike a secured bond, which is backed by a specific asset, such as property or equipment, a debenture bond is not backed by any collateral.

There are different types of debenture bonds, such as:

Overall, a debenture bond is a way for companies to raise capital without having to put up any specific assets as collateral. However, because it is not secured by any specific asset, it is generally considered to be a riskier investment than a secured bond.

de bene esse | debenture indenture

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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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