Write the meaning of debenture.

Debenture is a certificate issued by a company acknowledging a debt by it to the investor As per the term of issue. It is an evidence of debt due from the company with or without Charge on the assets of the company. The holders of debentures are known as debenture Holders and the capital raised by the company by issuing debenture is called loan capital. A debenture includes the information like amount of loan, rate of interest, duration of loan, Collateral for loan, condition of repayment etc.

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