debenture
Unsecured corporate bond
A debenture is a type of bond or debt instrument not secured by specific assets—the holder relies on the issuer's general creditworthiness rather than collateral.
Companies issue debentures to raise capital: The corporation issued $50 million in debentures.
In British usage, debentures may be secured by a floating charge on company assets.
Formal binding contract
- couponCertificate for reduced price
- yieldProduce or relinquish
- maturityFull growth achieved
- fixed-incomeAssets yielding constant returns
principal · interest · redemption · callable · convertible · subordinated · seniority · face-value
Borrowed money repaid later
- creditorOne owed money
- borrowingTemporary taking of another's
- liabilityLegal or financial obligation
- repaymentGiving back what's owed
default · interest · amortization · principal · lender · obligation · arrears · insolvency
One who distributes officially
- corporationLegally separate business entity
- shareholderEquity owner in corporation
- equityImpartial treatment or ownership value
- dividendCorporate profit share
bondholder · prospectus · financing · subordinated · convertible · stockholder · enterprise · holding
Collected works or assets
- securitiesTradeable financial assets
- yieldProduce or relinquish
- returnsProfits from investments
- investorOne who allocates capital
risk · rating · investment-grade · income · fixed-income · tradable · marketable · liquid
indenture
Formal binding contract
fixed-income · principal · interest · redemption · callable · convertible · subordinated · seniority · face-value · bearer
loan
Borrowed money repaid later
repayment · default · interest · amortization · principal · lender · obligation · arrears · insolvency · bankruptcy
issuer
One who distributes officially
- corporationLegally separate business entity
- shareholderEquity owner in corporation
- equityImpartial treatment or ownership value
dividend · bondholder · prospectus · financing · subordinated · convertible · stockholder · enterprise · holding · venture
portfolio
Collected works or assets
- securitiesTradeable financial assets
- yieldProduce or relinquish
- returnsProfits from investments
investor · risk · rating · investment-grade · income · fixed-income · tradable · marketable · liquid · underwriting
- debtscar loan, student loan, loans, bank loan, personal loan
- bondsbond, corporate bond, corporate bonds, government bond, municipal bond
- corporate financecost of capital, investment, capital markets, NPV, shareholder
- business debtbank loan, commercial loan, credit line, line of credit, loan
- financial agreementsloan agreement, credit agreement, loan contract, promissory note, loan
- financial commitmentsloan, mortgage, bond, promissory note, IOU
debentureequity
Impartial treatment or ownership value
common stock · shares · stock · preferred stock · equity stake