DEBENTURE - A long-term debt instrument
that is not secured by a specific asset. In the event
of default, the holder does not have a claim against
any specific asset(s) of the issuing firm.
A certificate given in pursuance of law, by the collector
of a port of entry, for a certain sum due by the United
States, payable at a time therein mentioned, to an
importer for drawhack of duties on merchandise imported
and exported by him, provided the duties arising on
the importation of the said merchandise shall have
been discharged prior to the time aforesaid.
