What are debentures
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DEBENTURE :
IT IS A CERTIFICATE OF LOAN WHICH IS UNSECURED.IT CAN BE ISSUED BY COMPANY OR INDUSTRIES OR ANY BUSSINES FIRMS.
IT IS A CERTIFICATE OF LOAN WHICH IS UNSECURED.IT CAN BE ISSUED BY COMPANY OR INDUSTRIES OR ANY BUSSINES FIRMS.
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A debenture issued by a company is an acknowledgement of its debt and it states that the company has borrowed a certain amount of money, which it promises to repay at a future date.
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