Editing Debenture (section)

==Security in different jurisdictions==
In the [[United States]], debenture refers specifically to an [[unsecured debt|unsecured]] corporate bond,<ref name="finra">[http://www.finra.org/Glossary/P011001 Glossary: D] {{Webarchive|url=https://web.archive.org/web/20110728035737/http://www.finra.org/Glossary/p011001 |date=2011-07-28 }} on the [Financial Industry Regulatory Authority] (FINRA) website, United States</ref> i.e. a bond that does not have a certain line of income or piece of property or equipment to guarantee repayment of principal upon the bond's [[maturity (finance)|maturity]]. Where security is provided for loan stocks or bonds in the US, they are termed "mortgage bonds".

In the [[United Kingdom]] a debenture is usually secured.<ref>{{cite web|first1=Sean|last1=Ross|access-date=2019-06-22|title=Debenture vs. Bond: What's the Difference?|url=https://www.investopedia.com/ask/answers/122414/what-difference-between-debenture-and-bond.asp|website=[[Investopedia]]}}</ref>

In Canada, a debenture refers to a secured loan instrument where security is generally over the debtor's credit, but security is not pledged to specific assets. Like other secured debts, the debenture gives the debtor priority status over unsecured creditors in a bankruptcy.<ref>[https://ca.practicallaw.thomsonreuters.com/3-502-1736 Restructuring and insolvency in Canada: overview], ''Thomson Reuters Practical Law''. Retrieved 22 June 2017.</ref>

In Asia, if repayment is secured by a charge over land, the loan document is called a [[Mortgage loan|mortgage]]; where repayment is secured by a charge against other assets of the company, the document is called a debenture; and where no security is involved, the document is called a note or "unsecured deposit note".<ref>Chandra Gopalan (2007); Company Law in Singapore 3rd Edition; McGraw-Hill Education (Asia)</ref>