debenture
· noun
A document granting lenders a charge over a borrower’s physical assets, giving them a means to collect a debt, as part of a secured loan.
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It stays on the page until someone pays $6.00.
· noun
A document granting lenders a charge over a borrower’s physical assets, giving them a means to collect a debt, as part of a secured loan.
It stays on the page until someone pays $6.00.