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Answer Posted / ameet
A debenture may be defined as an acknowledgement of a debt
or loan raised by a company, just as share capital of a
company is divided in large number of parts, each part
being called a share, a loan raised by a company may be
divided in a large number of parts, each being called a
debenture. A debenture holder is certain of return on his
investment.
A bond is a debt-security in which the authorised issuer
owes the holders a debt and depending on the terms of bond
is obliged to pay interest or to repay the principal at a
later date termed as maturity. It can also be called as a
formal contract to repay borrowed money with interest at
fixed intervals.
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