debenture/debenture stock/bond/obligation

English translation: debenture/debenture stock/bond/obligation

12:23 Mar 8, 2011
English language (monolingual) [PRO]
Bus/Financial - Investment / Securities
English term or phrase: debenture/debenture stock/bond/obligation
Hi Forum!

Is there by any chance someone here who can explain to me the difference between debenture/debenture stock/bond/obligation because I'm lost...

Here's the sentence:

"To carry on the business of an investment company and for that purpose to acquire and hold either in the name of the company or in that of any nominee shares, stocks, debentures, debenture stock, bonds, notes, obligations and securities issued or guaranteed by any company wherever incorporated or carrying on business"

Many thanks!
Céline Hérouart
France
Local time: 12:22
Selected answer:debenture/debenture stock/bond/obligation
Explanation:
You can find good definitions and explanations for financial instruments following the Wikipedia link below.

In law, a debenture is a document that either creates a debt or acknowledges it. The term is used in corporate finance for a medium to long-term debt instrument used by large companies to borrow money. In some countries the term is used interchangeably with bond, loan stock or note.

Debenture stock is a type of stock that makes fixed payments at scheduled intervals of time.

A bond is a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.

A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a general obligation bond.
Selected response from:

Martin Riordan
Brazil
Local time: 08:22
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +4debenture/debenture stock/bond/obligation
Martin Riordan


  

Answers


42 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
debenture/debenture stock/bond/obligation


Explanation:
You can find good definitions and explanations for financial instruments following the Wikipedia link below.

In law, a debenture is a document that either creates a debt or acknowledges it. The term is used in corporate finance for a medium to long-term debt instrument used by large companies to borrow money. In some countries the term is used interchangeably with bond, loan stock or note.

Debenture stock is a type of stock that makes fixed payments at scheduled intervals of time.

A bond is a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.

A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a general obligation bond.


    Reference: http://en.wikipedia.org/wiki/Debenture
Martin Riordan
Brazil
Local time: 08:22
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Germaine: Vous pouvez aussi trouver définition+traduction adaptée à la France, à la Belgique et au Canada dans le Ménard de la comptabilité et de la gestion financière (un must), de même que dans le GDT
1 hr
  -> Merci!

agree  Andrei Vrabtchev
2 hrs
  -> Thank you!

agree  Ioanna Daskalopoulou
20 hrs
  -> Thank you!

agree  Phong Le
1 day 1 hr
  -> Thank you!
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