A debenture is an unsecured bond. In other words, a debenture is a bond without a lien on specific assets owned by the issuing corporation.
What is a debenture?
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.