Question by anand b: WHAT IS A DEBENTURE Signifies?
relates to share market
Very best answer:
Answer by Bostonian
a debenture is a long-term debt instrument employed by governments and big companies to raise funds. It is similar to a bond except the securitization circumstances are diverse a debenture is typically unsecured in the sense that there are no liens or pledges on specific assets. It is secured by all properties not otherwise pledged. In the case of bankruptcy debenture holders are regarded as general creditors.
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