A Debenture
<ol style="margin: 0px; padding: 0px 0px 0px 2.25em; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Lato, Helvetica, Arial, sans-serif; vertical-align: baseline; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; color: rgb(34, 34, 34);"><li style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">A <a href="https://en.m.wiktionary.org/wiki/certificate" title="certificate" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">certificate</a> that <a href="https://en.m.wiktionary.org/wiki/certifies" title="certifies" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">certifies</a> an amount of money owed to someone; a certificate of <a href="https://en.m.wiktionary.org/wiki/indebtedness" title="indebtedness" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">indebtedness</a>.</li><li style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/Appendix:Glossary#obsolete" title="Appendix:Glossary" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">obsolete</a></span><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span> A certificate of a loan made to the <a href="https://en.m.wiktionary.org/wiki/government" title="government" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">government</a>; a <a href="https://en.m.wiktionary.org/wiki/government_bond" title="government bond" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">government bond</a>. </li><li style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/finance#Noun" title="finance" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">finance</a><span class="ib-comma" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">,</span> <a href="https://en.wikipedia.org/wiki/United_States" class="extiw" title="w:United States" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">US</a></span><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span> A type of <a href="https://en.m.wiktionary.org/wiki/debt_instrument" title="debt instrument" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">debt instrument</a> secured only by the general <a href="https://en.m.wiktionary.org/wiki/credit" title="credit" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">credit</a> or promise to pay of the <a href="https://en.m.wiktionary.org/wiki/issuer" title="issuer" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">issuer</a>, not involving any physical assets or <a href="https://en.m.wiktionary.org/wiki/collateral" title="collateral" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">collateral</a>, now commonly issued by large, well established <a href="https://en.m.wiktionary.org/wiki/corporation" title="corporation" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">corporations</a> with <a href="https://en.m.wiktionary.org/wiki/adequate" title="adequate" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">adequate</a> credit ratings.</li><li style="margin-top: 0px; margin-right: 0px; margin-bottom: inherit; margin-left: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/finance#Noun" title="finance" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">finance</a><span class="ib-comma" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">,</span> <a href="https://en.wikipedia.org/wiki/Britain" class="extiw" title="w:Britain" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">Britain</a></span><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span> A document granting lenders a charge over a borrower’s physical assets, giving them a means to collect a debt, as part of a secured loan.</li></ol>