what does debenture mean?
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A debenture is a type of bond or other debt instrument that is 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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a long-term security yielding a fixed rate of interest, issued by a company and secured against assets.
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