What is debenture?

      

What is debenture?

  

Answers


john
A debenture is an acknowledgement of indebtedness by a company.
It can also be defined as along term loan obtained from the public having a fixed rate of interest.For example, 6% debenture sh 100,000 means the company will pay an interest of sh 6000 per year.
john Ochi answered the question on April 10, 2018 at 06:26


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