Debentures are long term source of raising fund by a company. A debenture is a document that either creates a debt or acknowledges it. Debentures are not collateral i.e. these instruments are not backed up by any security of the company. A fixed percentage of interest is paid on debentures.
Author: Vikas Yadav
Vikas Yadav founded MonetarySection.com in 2014 and is responsible for everything published on it. He holds an MBA from NCU (formerly ITM), Gurugram, and writes about accounting, payroll and personal finance for Indian readers. Facts and figures are checked against official sources such as the Income Tax Department, RBI and IRDAI.
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