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asked 3 years ago
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Debenture is a long-term debt instrument that large companies and governments use to obtain funds. It is like a bond but the security conditions differ. Debentures are usually unsecured and transferable.
[Security bases instrument basically means that whether the instrument is asset-backed or not. In case it is then the risk of default is lower.]
[Security bases instrument basically means that whether the instrument is asset-backed or not. In case it is then the risk of default is lower.]
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