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What do u mean by debenture?

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What do u mean by debenture?

Posted by Kunali Singh 8 years, 1 month ago

CBSE > Class 11 > Business Studies

1 answers

Amar Kumar 8 years, 1 month ago

A debenture is a medium to long-term debt format that is used by large companies to borrow money.

Debentures are the most common type of long-term loans that can be taken by a company.

Debentures are typically loans that are repayable on a fixed date, but some debentures are irredeemable securities (these are sometimes called perpetual bonds), which means that they do not have a fixed date of expected return of the funds.

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