Debenture

A corporate bond without any collateral; its value is based on the reputation and financial strength of the issuer.

Similar financial terms

Subordinated debenture bond
An unsecured bond that ranks after secured debt, after debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.

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Accounts receivable turnover

The ratio of net credit sales to average accounts receivable, a measure of how quickly customers pay their bills.


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