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Topic Content:
- Meaning of Debenture
- Types of Debentures
- Mortgage Debentures
- Simple or Floating Debentures
- Redeemable Debenture
- Irredeemable Debenture
- Secured Debentures
A debenture is a financial debt instrument, it is the certificate issued by a company to the public or individuals showing that the company owes the holders. It is also called a certificate or written acknowledgement of indebtedness by a company which has terms and conditions.
Debenture can also be defined as a loan capital with a specific rate of interest. A debenture holder is a creditor to the company and the holder receives interest on his capital if the company makes a profit or loss. The time until the final
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