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Definition And Meaning Of Debentures Stock

Debentures:

A Debenture is a document issued by the company. It is a certificate issued by the company under its seal acknowledging a debt.

Debentures
[Post Image Courtesy of Sira Anamwong at FreeDigitalPhotos.net]

According to the Companies Act 1956, “debenture includes debenture stock, bonds and any other securities of a company whether constituting a charge of the assets of the company or not.”

Sourced From: Financial Management By C. Paramasivan And T. Subramanian
Definition And Meaning Of Debentures Stock Definition And Meaning Of Debentures Stock Reviewed by Ikpokolo Francis on Tuesday, March 14, 2017 Rating: 5

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