certificate of agreement of loans which is given under the company's stamps and carries an undertaking that it will get a fixed return.
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It is defined as a certificate of agreement of loans that is given beneath the corporate stamp ANd carries an endeavor that the debenture holder can get a hard and fast come back (fixed on the idea of interest rates) and also the principal quantity whenever the debenture matures.
Explanation:
- It is defined as a certificate of agreement of loans that is given beneath the corporate stamp ANd carries an endeavor that the debenture holder can get a hard and fast come back (fixed on the idea of interest rates) and also the principal quantity whenever the debenture matures.
- Debentures vs. Bonds: Debentures and bonds square measure similar except for one distinction bonds are safer.
- A Loan Agreement can be changed. But a commitment Note cannot be changed.
- This is the key difference between a Loan Agreement and a certificate of indebtedness.
- Amendments can be disbursed either through written confirmation or a supplementary agreement.
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