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Fundamental
Debenture
Unsecured bond backed by creditworthiness
Definition
A debenture is an unsecured bond backed only by the issuer's creditworthiness, not by specific assets. Debentures typically offer higher yields than secured bonds to compensate for the additional risk to investors.
Related Topics
#unsecured debt
#corporate bonds
#credit risk
#yield
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Category: Fundamental
Fundamental analysis examines a company's financial health, management quality, and market position to determine intrinsic value.
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