issue of debenture full chapter explain please
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Explanation:
A debenture is a debt instrument used by big companies to borrow money at a fixed rate of interest. The debenture is issued in the form of a certificate with the stamp of the company containing the date of repayment of the principal amount after a fixed period of time and the payment of interest at regular intervals, generally half yearly or annually. Debentures are issued by a company for acquiring medium to long-term borrowings.
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ISSUE OF DEBENTURE ...
Explanation:
debenture is a type of debt instrument unsecured by collateral. Since debentures have no collateral backing, debentures must rely on the creditworthiness and reputation of the issuer for support. Both corporations and governments frequently issue debentures to raise capital or funds.
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