FOLIO Ontology

Debenture

IRI:
https://folio.openlegalstandard.org/R77x3SkEZVElsBUssI5atJB
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Definition

A Debenture is a type of long-term debt instrument that is not secured by physical assets or collateral but is backed only by the general creditworthiness and reputation of the issuer. Debentures are used by companies to borrow money at a fixed rate of interest and are commonly issued under corporate seal.

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Additional Information

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