Debenture
A document creating security for a company’s borrowing, often including fixed and floating charges over business assets.
Related terms
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Security document
A legal document creating or recording security for a debt, such as a mortgage, debenture or charge.
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Fixed charge
Security over a specific asset that generally restricts the company’s ability to dispose of that asset without the lender’s consent.
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Secured debt
Debt backed by security over an asset, such as a mortgage over property or a charge over business assets.
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