Unsecured debt backed only by the integrity of the borrower, not by collateral, and documented by an agreement called an indenture. One example is an unsecured bond.

Use debenture in a sentence

The debenture was something I did not want to talk about because I knew it had to do with my debt.

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You should try to make sure that you fully trust anyone if you are going to allow them to get into a debenture.

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The debenture was a risky position to own but we felt we had spread the small amount of risk around sufficiently.

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certificates of automobile receivables (CAR) risk-weighted asset