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ATM Cards - With ATM Cards, the sole function you can perform is withdraw cash from the ATM. ATM Cards use a 4-digit PIN or unique Personal Identification Number and is linked to your bank account. So, your bank account balance is reduced in real time if you withdraw any cash, at given time.
Debit Cards - Easy. Convenient. Hassle Free. These are the three words that describe a Debit Card best. You can use a Debit Card anytime and anywhere for a variety of reasons. They are multi-functional in terms of utility, and all you will need is your PIN (Personalized Identification Number) to complete your purchase. Debit Cards are tied to your Savings Accounts.
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| Basis of Difference | Debenture | Preferences Share |
| Meaning | The Debenture is the type of loan or debt instrument which is issued in the market to subscribe to the public. | The shares capital which is carrying a fixed rate of dividends and preference to repayment known as preference shares. |
| Types | It is a type of loan. | It is a type of Capital. |
| Rate of Return | It has a fixed rate of Return which is known as Interest. | It has a fixed rate of Return which is known as Dividend. |
| Secured | It may or may not be secured against the assets. | it is not secured but have a preference to repayment. |
| Voting Rights | It does not have voting rights. | It does have voting rights. |
| Convertibility | It can be convertible after maturity into an Equity share as well as preference share. | It can be convertible into an equity share. |
| Risk | Debenture holders are relatively safe. | Shareholders are at a greater risk. |
| Repayment | will be repaid after a specific period. | it will not be repaid through the whole life of the business. |
| Priority as to Repayment | In the case of winding up of the company the payment made to debenture holders before the payment of made to preference shareholders. | In the case of winding up of the company the payment made to the preference shareholders before the payment to equity shareholders. |
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