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Debenture

Categories: Bonds, Regulations

Nothing to do with your grandpappy's dentures, a debenture is a bond-like loan certificate that's backed only by the promise the issuer makes that it will pay back the dough.

Like other investments, it pays interest, but it's risky because there's nothing backing it up.

If the company lied about paying you back? Not much you can do about it. 

Find other enlightening terms in Shmoop Finance Genius Bar(f)