Question 27 of 35
Q.Explain Features of Debentures.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2025Subjective· 6mImportance★★★★★
77% · 27/35 Questions
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Start your 14-day free trial to unlock the full solution →Debentures are borrowed capital. Key features: written acknowledgement of debt, holder is a creditor, fixed rate of interest payable irrespective of profit, usually secured by a charge on assets, redeemable on a fixed date, no voting rights, and interest is a charge against profit.
A debenture is an instrument through which a company raises long-term borrowed funds from the public. Its nature is best understood through its main features.
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