What is debenture? ? Explain it
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It is a form of loan taken by the company at a fixed rate of interest payable after a specific period of time as agreed by the company.
It is a liability for the company and is one of type of financing for the business organization.
It is a liability for the company and is one of type of financing for the business organization.
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a debenture is a medium to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest
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