Information AboutDebenture |
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In Finance , a debenture is a long-term debt instrument used by governments and large companies to obtain funds. It is similar to a Bond except the Securitization conditions are different. A debenture is usually unsecured in the sense that there are no Lien s or pledges on specific assets. It is however, secured by all properties not otherwise pledged. In the case of Bankruptcy debenture holders are considered general Creditor s. The advantage of debentures to the issuer is they leave specific assets burden free, and thereby leave them open for subsequent financing. Debentures are generally freely Transferrable by the debenture holder. DEBENTURE HOLDERS In the , Wembley Stadium , Arsenal , Twickenham Stadium , Lord's Cricket Ground , and Trent Bridge in Nottingham .' NOMENCLATURE In practice the distinction between bond and debenture is not always maintained. Bonds are sometimes called debentures and vice-versa. In some countries (notably the United Kingdom ), the term debenture is also frequently used by the Legal Profession as shorthand for a Security Document which creates fixed and Floating Charge s over all of the property of the chargor. This usage derives from the frequent inclusion of provisions for security interests in conventional debt instruments. SEE ALSO
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