What is the definition of Naked debenture? | Dictionary.net

NAKED DEBENTURE

\nˈe͡ɪkɪd dɛbˈɛnt͡ʃə], \nˈe‍ɪkɪd dɛbˈɛnt‍ʃə], \n_ˈeɪ_k_ɪ_d d_ɛ_b_ˈɛ_n_tʃ_ə]\

Definitions of NAKED DEBENTURE

1910 - Black's Law Dictionary (2nd edition)

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Debt, not covered by any asset, confirmed in writing. A naked debenture example is a signature loan. Also known as uncovered debenture.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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