agency debenture

Definition

An unsecured debt issue from a federal agency or government-sponsored agency whereby the promise of repayment is committed by the credit worthiness of the government and not by specific pledged collateral.

Use agency debenture in a sentence

The agency debenture was a really important thing for us to think about and I did not like the idea of unsecured debt.

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We opted for some agency debenture, despite the risk involved at the time considering the credit downgrade that had taken place.

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The agency debenture was virtually guaranteed as we were confident the most powerful country in the world had the wherewithal to pay.

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