What is 'meant by a Debenture?

Open in App

Solution

Debenture is derived from the Latin word “debere” which translates to borrow. Debentures are not backed by any collaterals. These are issued by governments and corporations to raise funds or capital for long term borrowing.

Suggest Corrections

Similar questions

What is meant by a 'Irredeemable Debenture'?

What is meant by a debenture? Explain the different types of debentures?

What is meant by 'Mortgaged Debentures'?

What is meant by ‘Issue of debenture at discount and redeemable at premium?

What is meant by redemption of debentures by conversion?

Join BYJU'S Learning Program