Definition of floating debenture. Meaning of floating debenture. Synonyms of floating debenture

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Definition of floating debenture

floating debenture
Debenture De*ben"ture, n. Any of various instruments issued, esp. by corporations, as evidences of debt. Such instruments (often called debenture bonds) are generally, through not necessarily, under seal, and are usually secured by a mortgage or other charge upon property; they may be registered or unregistered. A debenture secured by a mortgage on specific property is called a mortgage debenture; one secured by a floating charge (which see), a floating debenture; one not secured by any charge a naked debenture. In general the term debenture in British usage designates any security issued by companies other than their shares, including, therefore, what are in the United States commonly called bonds. When used in the United States debenture generally designates an instrument secured by a floating charge junior to other charges secured by fixed mortgages, or, specif., one of a series of securities secured by a group of securities held in trust for the benefit of the debenture holders.

Meaning of floating debenture from wikipedia

- debenture is a medium- to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term "debenture"...
- over working capital (floating ****ets and investments). Debenture Security interest Lien Qualifying floating charge Voidable floating charge Although not...
- convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that...
- negotiating loans, master of the mint, creating new sources for revenue, floating debentures, devising new taxes, and supplying the military. In addition, the...
- The Inland Revenue, which was a major creditor, argued the debenture was merely a floating charge, so its claim for tax owed took priority over the bank...
- 1892. The company also issued to Mr Salomon £10,000 in debentures. On the security of his debentures, Mr. Salomon received an advance of £5,000 from Edmund...
- discount debts without written consent. A debenture holder gave the company a notice converting the floating charge into a fixed charge a w**** before a...
- used. It matters because debenture holders have the right to company accounts and the director's report, because debenture holders must be recorded on...
- floating charge debenture over a company's ****ets to collect in and realise the ****ets of that company and to repay the indebtedness to the debenture...
- Securities Securities Banknote Bond Debenture Derivative Stock Markets Stock market Commodity market Foreign exchange market ****ures exchange Over-the-counter...