1. A superior quality of strong durable white writing paper; originally made for printing documents; SYN. bond paper.
2. An interest-bearing (or discounted) certificate of debt issued by a government or corporation in order to raise money; SYN. bond certificate.
ETYM Latin debentur they are due, from debere to owe; cf. French debentur. So called because these receipts began with the words Debentur mihi.
A certificate or voucher acknowledging a debt.
official certificate of right to receive payment; bond; any company security other than shares. debenture stock, class of shares, holders of which are guaranteed repayment but cannot demand it until default or winding up of company.
ETYM French obligation. Latin obligatio. Related to Oblige.
1. A legal agreement specifying a payment or action and the penalty for failure to comply.
2. The state of having financial obligations.
In politics, the duty of individuals to obey the laws of their state and, generally, to accept the authority of its government. The basis of political obligation has been depicted as a contract between ruler and people or as arising from the state's ability to provide for the welfare of its citizens.
Written promise to pay on demand, or at a fixed future time, a specific sum of money to a named person or bearer. Like a check, it is negotiable if endorsed by the payee. A commercial paper is a form of promissory note that can be bought and sold. These forms of payment are usually issued by large corporations at times when credit is otherwise difficult to obtain. It is often those who are inferior credit risks who are asked to sign promissory notes.
Any piece of work; SYN. project, task, labor.