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What do u mean by debenture? |
| Answer» A debenture is a medium to long-term debt format that is used by large companies to borrow money.Debentures are the most common type of long-term loans that can be taken by a company.Debentures are typically loans that are repayable on a fixed date, but some debentures are irredeemable securities (these are sometimes called perpetual bonds), which means that they do not have a fixed date of expected return of the funds. | |