Question

2 what is debenture and state its features?​

Answer 1

Answer:

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Explanation:

a debenture is the document that grants lenders a charge over a borrower's assets, giving them a means of collecting debt if the borrower defaults. Debentures are commonly used by traditional lenders, such as banks, when providing high-value funding to larger companies.

Answer 2

Explanation:

A debenture acknowledges a debt. It is in the form of certificate issued under the seal of the company (called Debenture Deed). It usually shows the amount & date of repayment of the loan. ... Debentures can be secured against the assets of the company or may be unsecured.

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