Sentences with phrase «debenture usually»

An unsecured debenture usually has a «negative pledge» which prevents the issuer from having assets secured ahead of that issue.

Not exact matches

A debenture is a claim, lien or charge, on asset or property, usually as a result of a loan.

Convertible: Designation for a bond, debenture, or preferred stock which signifies that it may be exchanged by the owner for common stock or another security, usually one issued by the same corporation.

A security, usually a debenture or preferred share, which is convertible into or exchangeable for another security (usually common shares) of the same company.

A bond, debenture or preferred share which may be exchanged by the owner, usually for the common stock of the same company, in accordance with the terms of the conversion privilege.

While holders of Subordinated Debentures do enjoy a legally enforceable contractual right to cash payments, as a practical matter, having that enforceable right usually is akin to having the right to commit suicide because a Subordinate's rights to cash payments virtually always are subrogated to the senior debts» rights to priority payments.