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Theory of issue of debenture

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Theory of issue of debenture

Posted by Sejal Mahajan 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 4 years ago

Debentures:

It is a document known as Debenture Certificate.
It is an acknowledgement of debt by the company.
It is an agreement between the company and its debenture holders for repayment of the principal amount on a specified date along with interest at a pre-determined rate charged on the principal amount until the principal is repaid.
It is an evidence of a debt to the holder usually arising out of a loan and mostly secured by a charge.

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