This note is about the debenture, a public borrowing amount of money. It also contains the importance and advantage and disadvantage of debenture. This note describes debenture as a means of taking loan from the public by issuing them certificate. A debenture is a certificate issued by a company acknowledging a debt of a specified amount of public borrowing. It is a portion of loan capital.
A debenture is a certificate issued by a computer acknowledging a debt of a specified amount of public borrowing. The issue of debenture helps the company in borrowing the bulk amount od debts from the large section of the general public.