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LSDefine

Simple English definitions for legal terms

naked debenture

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A quick definition of naked debenture:

A naked debenture is a type of bond that a company issues to borrow money. Unlike other bonds, it is not secured by any specific asset or property. Instead, it is backed only by the company's reputation and ability to pay back the debt. This means that if the company cannot pay back the debt, the bondholders may not have any assets to claim as collateral.

A more thorough explanation:

A naked debenture is a type of bond that is not secured by any specific asset or property. It is backed only by the general credit and financial reputation of the corporate issuer. This means that if the company defaults on the bond, the bondholders have no claim to any specific assets of the company.

For example, if a company issues a convertible debenture, the bondholders have the option to convert their bonds into stock if they choose to do so. This gives them some flexibility and potential for greater returns. However, if the company defaults on the bond, the bondholders still have no claim to any specific assets of the company.

naked contract | naked deposit

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Mostlylegal
11:43
thank you all for the laughs
Mostlylegal
11:44
let this be my formal termination notice
oh no
Mostly where are you going
hey alexa play you'll be black from hamilton
**back
NosyBeagle
12:13
hamilton but he frees the slaves and has to figure out what their racial demographics are for the census
12:17
has anybody compiled the transfer median gpas for law schools anywhere
12:18
instead of having to check each schools 509
12:24
@c0bra1: not that I've seen
12:24
lame
12:24
I think the transfer reddit had a spreadsheet at one point but it's a few years old
@NosyBeagle: I almost fell out of my chair
globalcitizen
13:46
Anyone read annihilation
NosyBeagle
14:40
@windyMagician: I'll be here all week
15:02
yo
15:02
i was training this new girl & she quit on second day
15:03
goin on 6 mo no word from notre dame
whenever someone has the free will to create a protein bar with a texture/appearance unlike an actual log of shit, pls someone send it to me
AngryMiniCar
16:51
any chance I'll improve RC just by hard drilling with no review? I honestly think I just have a reading problem atp
AngryMiniCar
16:51
Not even that I don't know how to answer questions. I think I'm simply not well read
@AngryMiniCar: they say the biggest thing for improving RC over time is just... reading. so yeah! go pick up some books. grab a harder one
@AngryMiniCar: doont worry, 99.9% are uncultured swine
Bettercaulsaul
20:07
The gym is the only reason I’ve been calm waiting for admissions updates
20:49
endorphins go brrrrr
20:55
take so,e
20:55
bruh
20:55
take some tylenol and black pepper before working out to really get that euphoria
Bettercaulsaul
23:25
I’m going to try that & hit a new PR
0:13
@c0bra1: working on one,should be complete tmrw
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