request you to send debenture certificate
Posts: 14,118
Threads: 61
Joined: Oct 2014
In corporate finance, a debt is a medium to long-term debt instrument used by large companies to borrow money, at a fixed interest rate. The legal term "debenture" originally referred to a document that creates a debt or recognizes, but in some countries the term is now used interchangeably with bonds, loans or notes. A debenture is thus a loan certificate or a loan bond that demonstrates the fact that the company is obliged to pay a certain amount with interest and although the money collected by the bonds becomes part of the capital structure of the Company, capital. Senior debentures are paid before subordinated debentures, and there are various risk and return rates for these categories.
Obligations are generally freely transferable by the bondholder. Bondholders are not entitled to vote at the company's general shareholders' meetings, but may have separate meetings or votes, On changes in rights linked to obligations. The interest they are paid is a charge against profit in the company's financial statements.