A loan raised ßy à company, paying à fixed rate ôf interest & whîch îs secured ôn thé assets ôf company. Debentures àré fixed interest securities în return fôr long-term loans, théy tend tô bé dated fôr redemption between ten & forty years ahead ôf date ôf issue. They may bé secured ßy à floating charge ôn thé company's assets ôr théy may bé tied tô specific, named assets.Debenture interest hàs tô bé paid ßy à Comp. whether ît makes à profit ôr not - îf thé debenture holders dô not gét paid théy càn legally force thé Comp. into liquidation tô realise théîr claims ôn thé company's assets.
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