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What is Types and Features of Debentures about?
The document discusses debentures, which are certificates of loan issued by a company to borrow money. Debentures can be classified in several ways: by convertibility (non-convertible, partly convertible, fully convertible); by security (secured, unsecured); by redeemability (redeemable, perpetual); and by registration (registered, bearer). Companies issue debentures to raise capital as an alternative to equity. Debentures are subject to rules regarding convertibility, voting rights, security, redemption re
- Author
- Srishti Goel
- Language
- EN