Meaning:

If a company needs funds for extension and development purpose without increasing its share capital, it can borrow from the general public by issuing certificates for a fixed period of time and at a fixed rate of interest. Such a loan certificate is called a debenture. Debentures are offered to the public for subscrip tion in the same way as for issue of equity shares. Debenture is issued under the common seal of the company acknowledging the receipt of money.

Features of Debentures:

The important features of debentures are a ....etc

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In corporate finance, a debenture is a medium to long-term debt instrument used by large companies to borrow money, at a fixed rate of interest. The legal term debenture originally referred to a document that either creates a debt or acknowledges it, but in some countries the term is now used interchangeably with bond, loan stock or note. A debenture is thus like a certificate of loan or a loan bond evidencing the fact that the company is liable to pay a specified amount with interest and although the money raised by the debentures becomes a ....etc

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I Have Begrudged the Years by Angela Manalang-Gloria

Perhaps the years will get me after all,
Though I have sought to cheat them of their due
By documenting in beauty s name my soul
And locking out of sight my revenue
Of golden rapture and of sterling tears,
Let others give to Caesar Caesar s own:

I have begrudged the dictatorial years
The right usurious to tax me to the bone,
Therefore behold me now, a Timon bent
On hoarding each coin of love that should be spent
On you and you, and hushing all display
Of passionate splendour ....etc

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specimen presentation of debenture certificates for different kinds of debenture ....etc

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