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What are Debentures?
A debenture is a term which refers to long term debts or loans made by a borrower / borrowers which are unsecure and which are not backed by collaterals as common practice in other types of loans.
Debentures are not issued by individual persons, but rather by financially strong companies or groups such as corporations and governments. The good thing about debentures in the case of the borrower is that assets are not turned as collaterals.
A debenture is a term which refers to long term debts or loans made by a borrower / borrowers which are unsecure and which are not backed by collaterals as common practice in other types of loans.
Debentures are not issued by individual persons, but rather by financially strong companies or groups such as corporations and governments. The good thing about debentures in the case of the borrower is that assets are not turned as collaterals.