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If the loanee refuses to pay back how will the loaner recuperate his money?I think it is a type of unsecured loan that the company issues without pledge of assets
This is a new word to me. I have no idea what and what this word is for, so I decided to search, and according to wikipedia, In corporate finance, a debenture is a medium- to long-term debt instrument used by large companies to borrow money, and a fixed rate of interest. its jusk like a lending company according to my understanding.The term is frequently repeated in the financial arena. Is there an accurate definition of it?
A debenture is a type of bond or other debt instrument that is unsecured by collateral. Since debentures have no collateral backing, debentures must rely on the creditworthiness and reputation of the issuer for support. Both corporations and governments frequently issue debentures to raise capital or funds.Debentures are a debt instrument used by companies and government to issue loan.
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