Answer Posted / kkt

Bonds and debentures are fixed income instruments which are
taken by investors looking for regular, fixed income
through payment of interest on the principal purchase.

Bonds and debentures are debt instruments with different
types of exposure. In general terms bondholders are secured
by access to the underlying asset in case of default by the
issuer. Debentures, on the other hand, are unsecured, and
debenture holders do not have recourse to assets in the
case of default by the debenture issuer.

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