A more thorough explanation:

Definition: A certificate of indebtedness is a financial instrument that represents a debt owed by the issuer to the holder. It is a type of bond that is issued by a company or government entity to raise funds for various purposes.

Examples:

• Debenture: A debenture is a type of certificate of indebtedness that is issued by a company to raise funds. It is a long-term debt instrument that pays a fixed rate of interest to the holder.
• Treasury Bill: A treasury bill is a short-term certificate of indebtedness that is issued by the government to raise funds. It is a debt instrument that matures in less than one year and is sold at a discount to its face value.
• Certificate of Deposit: A certificate of deposit is a type of certificate of indebtedness that is issued by a bank to raise funds. It is a time deposit that pays a fixed rate of interest to the holder and has a fixed maturity date.

The examples illustrate how different entities can issue certificates of indebtedness to raise funds. Companies, governments, and banks can all issue these financial instruments to borrow money from investors. The terms and conditions of the certificates of indebtedness may vary depending on the issuer and the purpose of the funds raised.