meaning of debentures in simple words
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A debenture is a type of debt instrument that is not backed by any collateral and usually has a term greater than 10 years.
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A debenture is a type of debt instrument that is not backed by any collateral and usually has a term greater than 10 years. Debentures are backed only by the creditworthiness and reputation of the issuer. Both corporations and governments frequently issue debentures to raise capital or funds.
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