Bond Debenture

Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.

Bond Debenture

The contract between the company issuing a bond and the investors buying a bond is called a bond indenture.

When a company wants to borrow money, it issues a bond. If the company issued a five year bond, it would then be obligated to pay interest on the money it borrowed for five years then repay the principal at the end of year five. The actual contract that lays out all the specifics is the bond indenture.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?