Is “Debenture” a Scrabble word?

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Yes
DEBENTURE
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Debenture

/dɪˈbɛntjʊə/

noun
  1. 1.A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.

  2. 2.A certificate of a loan made to the government; a government bond.

  3. 3.A type of debt instrument secured only by the general credit or promise to pay of the issuer, not involving any physical assets or collateral, now commonly issued by large, well established corporations with adequate credit ratings.