define bonds.
And deference between debentures and bonds.
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A debenture is a debt security issued by a corporation that is not secured by specific assets, but rather by the general credit of the corporation. Stated assets secure a corporatebond, unlike a debenture, but in India these are used interchangeably. Bondsare lOUs between a borrower and a lender.
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A debenture is a debt security issued by a corporation that is not secured by specific assets, but rather by the general credit ofthe corporation. Stated assets secure a corporate bond, unlike a debenture, but in India these are used interchangeably.Bonds are lOUs between a borrower and a lender.
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