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9. Define Debenture? Describe the different teppes
debentures
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Answer:
ᴅᴇʙᴇɴᴛᴜʀᴇꜱ ᴀʀᴇ ᴀ ᴅᴇʙᴛ ɪɴꜱᴛʀᴜᴍᴇɴᴛ ᴜꜱᴇᴅ ʙʏ ᴄᴏᴍᴘᴀɴɪᴇꜱ ᴀɴᴅ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴛᴏ ɪꜱꜱᴜᴇ ᴛʜᴇ ʟᴏᴀɴ. ᴛʜᴇ ʟᴏᴀɴ ɪꜱ ɪꜱꜱᴜᴇᴅ ᴛᴏ ᴄᴏʀᴘᴏʀᴀᴛᴇꜱ ʙᴀꜱᴇᴅ ᴏɴ ᴛʜᴇɪʀ ʀᴇᴘᴜᴛᴀᴛɪᴏɴ ᴀᴛ ᴀ ꜰɪxᴇᴅ ʀᴀᴛᴇ ᴏꜰ ɪɴᴛᴇʀᴇꜱᴛ. ... ꜱᴇᴄᴜʀᴇᴅ ᴀɴᴅ ᴜɴꜱᴇᴄᴜʀᴇᴅ, ʀᴇɢɪꜱᴛᴇʀᴇᴅ ᴀɴᴅ ʙᴇᴀʀᴇʀ, ᴄᴏɴᴠᴇʀᴛɪʙʟᴇ ᴀɴᴅ ɴᴏɴ-ᴄᴏɴᴠᴇʀᴛɪʙʟᴇ, ꜰɪʀꜱᴛ ᴀɴᴅ ꜱᴇᴄᴏɴᴅ ᴀʀᴇ ꜰᴏᴜʀ ᴛʏᴘᴇꜱ ᴏꜰ ᴅᴇʙᴇɴᴛᴜʀᴇꜱ.
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nazimakhan587:
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Answer:
A debenture is a long term debt instrument used by large companies to borrow money at a fixed rate of interest
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