a certificate of debt issued in order to raise funds. It carries a fixed interest and is repayable with or without security at specified future time, debenture - a long-term bond, bearing fixed interest and usually unsecured, issued by a company or governmental agency, debenture bond - an unsecured Bond whose holder has the claim of a general Creditor on all Assets of the Issuer not pledged specifically to secure other debt, obligatsioon, võlakiri - võlakohustust tõendav väärtpaber, mis taotleb kindlat tulu, mille emitent kohustub maksma investorile kindla summa või perioodiliselt selle nimiväärtusest intressi ja ostab se