A debenture is a debt security with a general claim against the company's total assets,rather than against a particular asset.

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A debenture is a type of debt security that does not have any collateral or specific asset backing it up. Instead, it is backed by the general creditworthiness and assets of the issuing company, giving investors a claim against the company's total assets. This distinguishes it from other types of debt securities, such as bonds, which may have specific collateral backing them up.

A Debenture Is a Debt Security with a General Claim