Legal Definition and Related Resources of Debenture stock
Meaning of Debenture stock
A stock or fund representing money borrowed by a company or public body, in England, and charged on the whole or part of its property. It differs from debentures chiefly in these respects: The title of each original holder appears in a register, instead of being represented by an instrument complete in itself; and the stock is capable of being transferred in any amounts, unless the regulations of the company, etc., forbid the transfer of amounts or fractions less than £ 10, or the like. Provision is sometimes made for issuing to each holder a certificate representing the amount of his stock, transferable by delivery, so as to entitle the bearer for the time being to the stock in question. Such certificates generally have coupons for interest attached to them, and, while they are outstanding, the stock ceases to be transferable on the register. Perpetual debenture stock is stock which cannot be paid off. The principal statutes relating to debenture stock are the company clauses acts of 1845 and 1863, the commissioners clauses act of 1847, and the local loans act of 1875. Debenture stock issued under these acts is not within the mortmain or charitable uses act. 9 Ch. Div, 337.
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| Debenture Stock in the Dictionary | Debenture Stock in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Debenture Stock |
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| Related topics | Debenture Stock in the World Encyclopedia of Law |
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This definition of Debenture Stock is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Debenture Stock in the context of Real Property
See: Debenture in this legal Dictionary.
Debenture Stock in the context of Real Property
See: Debenture in this legal Dictionary.
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