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LSDefine

Simple English definitions for legal terms

naked debenture

Read a random definition: want of amicable demand

A quick definition of naked debenture:

A naked debenture is a type of bond that a company issues to borrow money. Unlike other bonds, it is not secured by any specific asset or property. Instead, it is backed only by the company's reputation and ability to pay back the debt. This means that if the company cannot pay back the debt, the bondholders may not have any assets to claim as collateral.

A more thorough explanation:

A naked debenture is a type of bond that is not secured by any specific asset or property. It is backed only by the general credit and financial reputation of the corporate issuer. This means that if the company defaults on the bond, the bondholders have no claim to any specific assets of the company.

For example, if a company issues a convertible debenture, the bondholders have the option to convert their bonds into stock if they choose to do so. This gives them some flexibility and potential for greater returns. However, if the company defaults on the bond, the bondholders still have no claim to any specific assets of the company.

naked contract | naked deposit

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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