Debenture
Pronunciation : De*ben"ture
Part of Speech : n.
Etymology : [L. debentur they are due, fr. debere to owe; cf. F. debentur. So called because these receipts began with the words Debentur mihi.]
Definition : 1. A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due.
2. A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation. Burrill.
Note: It is applied in England to deeds of mortgage given by railway companies for borrowed money; also to municipal and other bonds and securities for money loaned.
Source : Webster's Unabridged Dictionary, 1913