debenture

only those instruments were considered subject to the 'debenture' tax which were issued (1) in series, (2) under a trust indenture, and (3) in registered form or with coupons attached. In other words, that tax was considered to apply only to marketable corporate securities, as that term is generally understood.

A certificate given by the collector of a port, under the United States customs laws, to the effect that an importer of merchandise therein named is entitled to a drawback, (q. v.,) specifying the amount and time when payable. See Act Cong. March 2, 1799, § 80.

In English law. A security for a loan of money issued by a public company, usually creating a charge on the whole or a part of the company's stock and property, though not necessarlly in the form of a mortgage. They are subject to certain regulations as to the mode of transfer, and ordinarily have coupons attached to facilitate the payment of interest. They are generally issued in a series, with provision that they shall rank pari passu in proportion to their amounts. See Bank v. Atkins, 72 Vt 33, 47 Atl. 176. An instrument in use in some government departments, by which government is charged to pay to a creditor or his assigns the sum found due on auditing his accounts. Brande; Binunt.

A custom-house ported goods to a drawback instrument by which his assigns the sum found

A certificate given by the collector of a port, under the United tled to a drawhack, (q. 2.) specifying the amount and time when payable. See Act Cong. March 2, 1799, § 80.

In English law. A security for a loan of money issued by a public company, usually cveating a charge on the whole or a part of the company’s stock and property, though not necessarily in the form of a mortgage. They are subject to certain regulations as to the mode of transfer, and ordinarily have coupons attached to facilitate the payment of interest. They are generally issued in a series, with provision that they shall rank pert passu in proportion to their amounts. An instrument in use in some government departments, by which government is charged to pay to a creditor or his assigns the sum found due on auditing hisaccounts. Brande; Blount.

[from Lat. debere, to owe.] A custom-house certificate, entitling the exporter of imported goods to a drawback of duties paid on their importation. Act of Congress, March 2, 1799, s. 80. StaU 3 & 4 Will IV. c. 62, § 86. See Drawback, An instrument in use in some government departments, by which government is charged to pay to a creditor or his assigns, the sum found due on auditing his accounts. Brande, Blount

Isa certificate given in pursuance of law, by the collector of a port of entry, for a certain sum due by the United States, payable at a time therein mentioned, to an importer for drawback of duties on merchandize imported and exported by him, provided the duties arising on the importation of the said merchandise shall have been discharged prior to the time aforesaid. Vide act of congress of March 2, 1799, s. 80. Vide Encyclopédie, h. t.; Dane’s Ab. Index, h. t.