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Class 10 > Learn Mathematics > Define debenture?
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Define debenture?

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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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Yohan

A long-term security yielding a fixed rate of interest, issued by a company and secured against assets.
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Computer Wizard

A debenture is a type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond to secure capital. Like other types of bonds, debentures...
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A debenture is a type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond to secure capital. Like other types of bonds, debentures are documented in an indenture. read less
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