Debenttjee

1. A custom-house certificate that an importer is entitled to a drawback.« 3. A bond in the nature of a charge on government stock, or on the stock of a public company.' See Debet. A security issued by a public (usually, a railway) company, and may be a mortgage of its lands and stock. It is in the form of a promissory note, subject to strict regulations as to transfers, and has coupons " attached for the payments of interest.* The word does not admit of accurate definition. It expresses an acknowledgment of a debt by either a corporate body or a large partnership.^ "You may have mortgage debentures, which are charges of some kind upon property; or you may have debentures which are bonds.. You may also have a debenture which is nothing more than an acknowled3:ment of debt, or you may have an instrument like this in question, which is a statement by two directors that a company will pay." »