Debenture (noun)

A type of bond or loan issued by a company, usually with a fixed term and interest rate, and secured by the company's assets.

Origin:

Derived from the old french 'debentur' meaning a pledge or obligation.

Examples:

1. The company issued a debenture to raise funds for expansion.
2. The debenture had a maturity of ten years and paid a fixed interest rate.
3. Investors were offered a high yield on the debenture due to its high risk.
4. The debenture was secured by the company's property and equipment.
5. The debenture was traded on the stock exchange and was widely held by institutions.