Question

What is a Debenture?

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Answer 1

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Definition:

A medium or long term debt format that large companies use to borrow money.

EXPLANATION:-

A debenture is one of the most typical forms of long term loans that a company can take.

It is normally a loan that should be repaid on a specific date, but some debentures are irredeemable securities (sometimes referred to as perpetual debentures).

The majority of debentures come with a fixed interest rate. This interest must be paid before dividends are paid to shareholders. In the US, most debentures are unsecured, but elsewhere debentures are typically secured through the borrower’s assets.

Answer 2

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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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