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what is the difference between a debenture and Bond; plz
mail the answer on my mail address
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Answer Posted / rojalin
Bond is a long term debt instrument on which the issuer pays
interest periodically known as coupon rate.It is secured by
collateral with definite maturity.
Debenture is a debt security issued by
companies having a certain maturity & coupon rate.But
debenture do not secured by specific collateral.
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