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debenture bond

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

An unsecured bond. For example, a bond not secured by a lien on the issuer’s property.

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  • Debits and Credits
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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