Characteristics of Debenture | eFinanceManagement.com
Debentures are the popular method the companies use to procure the long term finance for their financial needs. The funds raised through debentures represent the debts, and the holder’s of the debenture are the creditors of the company. Due to this, the characteristics of debentures are very important. There are various types of debentures that the company can issue. The different types of debentures can be differentiated by their characteristics. The debenture is a written instrument that the company sign under its common seal, acknowledging the debt due by it to the debenture holder. The company promises to pay the