What is another word for certificate of indebtedness?
Pronunciation: [sətˈɪfɪkət ɒv ˌɪndˈɛtɪdnəs] (IPA) 
A certificate of indebtedness is a legal document that acknowledges that an individual or organization owes a debt to another party. This type of certificate is commonly used in financial transactions to assure creditors that they will receive their money back with interest. Synonyms for certificate of indebtedness include promissory note, bond, IOU, and debenture. Promissory notes are written promises to pay back a sum of money with interest, while bonds are similar to IOUs but often involve multiple investors. Debentures are a type of bond that is not secured by collateral but is backed by the creditworthiness of the issuing company. All these certificates serve as a guarantee that debts will be repaid as agreed.
