debenture debenture /dəˈbɛntʃɝ/

noun

1. (law) a certificate or voucher acknowledging a debt  ( debenture )
   (law) a certificate or voucher acknowledging a debt
   
2. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future  ( debenture , debenture bond , unsecured bond )
   the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future