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English definition of “noncallable debenture”

noncallable debenture

noun [C]    
FINANCE a debenture (= type of loan) that cannot be paid back before the end of an agreed period: They sold $150 million of 30-year noncallable debentures. → Compare callable debenture
(Definition of noncallable debenture noun from the Cambridge Business English Dictionary © Cambridge University Press)
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