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Tamsak Meaning in English

The Correct Meaning of Tamsak in English is Debenture. Other similar words for Tamsak include Qarz Nama and Tamsak. Explore this page to Translate Tamsak (Debenture) into English accurately.

Definitions of Debenture

n. 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.

n. A customhouse certificate entitling an exporter of imported goods to a drawback of duties paid on their importation.

n. 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.

Form Noun

How To Spell Debenture [dih-ben-cher]

Origin of Debenture Late Middle English (denoting a voucher issued by a royal household, giving the right to claim payment for goods or services): from Latin debentur ‘are owing’ (from debere ‘owe’), used as the first word of a certificate recording a debt. The curre

Synonyms For Debenture , Similar to Debenture