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definition of debenture ?

Answer Posted / naveen agarwal

THE TERM DEBENTURE MEAN IDEBTNESS ISSUSED BY THE COMPANY
GIVING AND UNDERTAKING TO REPAY CERTAIN SUM OF MONEY FOR
CERTAIN PERIOD IN THE MEAN WHILE THE COMPANY HAS TO PAY THE
INTEREST TO THE DEBENTURE HOLDER.THE COMPANY WILL ARAISES
THE CAPITAL OF SHORT-TERM PURPOSE.

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