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In my view, the Christian religion is the most important and one of the first things in which all children, under a free government ought to be instructed... No truth is more evident to my mind than that the Christian religion must be the basis of any government intended to secure the rights and privileges of a free people.
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1828 Noah Webster Dictionary
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1828.mshaffer.com › Word [debenture]

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debenture

DEBEN'TURE, n. [Fr. from L. debeo, to owe.]


Evolution (or devolution) of this word [debenture]

1828 Webster1844 Webster1913 Webster

DEBEN'TURE, n. [Fr. from L. debeo, to owe.]

DE-BEN'TURE, n. [Fr. from L. debeo, to owe. Class Db.]

  1. A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person. This paper, given by an officer of the customs, entitles a merchant exporting goods, to the receipt of a bounty, or a drawback of duties. When issued by a treasurer, it entitles the holder to a sum of money from the state.
  2. In the customs, a certificate of drawback; a writing which states that a person is entitled to a certain sum from the government, on the exportation of specified goods, the duties on which had been paid.

De*ben"ture
  1. A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person; the sum thus due.
  2. Any of various instruments issued, esp. by corporations, as evidences of debt. Such instruments (often called debenture bonds) are generally, through not necessarily, under seal, and are usually secured by a mortgage or other charge upon property; they may be registered or unregistered. A debenture secured by a mortgage on specific property is called a mortgage debenture; one secured by a floating charge (which see), a floating debenture; one not secured by any charge a naked debenture. In general the term debenture in British usage designates any security issued by companies other than their shares, including, therefore, what are in the United States commonly called bonds. When used in the United States debenture generally designates an instrument secured by a floating charge junior to other charges secured by fixed mortgages, or, specif., one of a series of securities secured by a group of securities held in trust for the benefit of the debenture holders.
  3. A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation.

    Burrill.

    It is applied in England to deeds of mortgage given by railway companies for borrowed money; also to municipal and other bonds and securities for money loaned.

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Debenture

DEBEN'TURE, noun [Fr. from Latin debeo, to owe.]

1. A writing acknowledging a debt; a writing or certificate signed by a public officer, as evidence of a debt due to some person. This paper, given by an officer of the customs, entitles a merchant exporting goods, to the receipt of a bounty, or a drawback of duties. When issued by a treasurer, it entitles the holder to a sum of money from the state.

2. In the customs, a certificate of drawback; a writing which states that a person is entitled to a certain sum from the government, on the exportation of specified goods, the duties on which had been paid.

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Word of the Day

importance

IMPORT'ANCE, n.

1. Weight; consequence; a bearing on some interest; that quality of any thing by which it may affect a measure, interest or result. The education of youth is of great importance to a free government. A religious education is of infinite importance to every human being.

2. Weight or consequence in the scale of being.

Thy own importance know.

Nor bound thy narrow views to things below.

3. Weight or consequence in self-estimation.

He believes himself a man of importance.

4. Thing implied; matter; subject; importunity. [In these senses, obsolete.]

Random Word

decession

DECES'SION, n. [L. to pass.] Departure.

DECH'ARM, v.t. To remove a spell or enchantment; to disenchant.

DECH'ARMED, pp. Disenchanted.

DECH'ARMING, ppr. Removing a spell.

DECHRIS'TIANIZE, v.t. To turn from christianity; to banish christian belief and principles from.

DECI'DABLE, a. That may be decided.

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