Debenture stock

Definitions

  • Webster's Revised Unabridged Dictionary
    • Debenture stock (Finance) The debt or series of debts, collectively, represented by a series of debentures; a debt secured by a trust deed of property for the benefit of the holders of shares in the debt or of a series of debentures. By the terms of much debenture stock the holders are not entitled to demand payment until the winding up of the company or default in payment; in the case of railway debentures, they cannot demand payment of the principal, and the debtor company cannot redeem the stock, except by authority of an act of Parliament.
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Usage

In literature:

Midland stock at the end of August 1850, when I sold out Miss Pontifex's debentures, stood at 32 pounds per 100 pounds.
"The Way of All Flesh" by Samuel Butler
Debenture Stock being purchased by a local butterman at seven pounds for a halfpenny.
"Punch, Or The London Charivari, Vol. 99., September 20, 1890" by Various
Stocks, "common" or "preferred," bonds and debentures, floated through his mind.
"Santa Claus's Partner" by Thomas Nelson Page
Prior Lien Mortgage Bonds, ranking before the debenture stock.
"The Philippine Islands" by John Foreman
Debenture stock is also issued to bearer.
"Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 10" by Various
Thus, ten years ago, the London and North Western Railway with its ninety millions of capital had about thirty thousand debenture and stock holders.
"Social Transformations of the Victorian Age" by T. H. S. (Thomas Hay Sweet) Escott
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