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Debenture  
Level
Associate
A 'debenture' is basically a loan certificatean official document issued by a company, with a promise to pay back the loan sometime in the future with interesta fee for borrowing money. It's a way businesses raise money for different activities.
Context
Business
In finance, 'debenture' is a common instrument for raising capitalmoney for investment. A company CFO might say, 'We are considering issuing debentures to raise the necessary funds for our next acquisitionbuying another company.'

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