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Give the Meaning of ‘Debenture’? - CBSE (Arts) Class 12 - Accountancy

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Question

Give the meaning of Debenture?

Solution

A debenture is a written debt instrument issued in the form of a certificate containing provisions regarding the repayment of the principal sum after a fixed period of time and payment of interest at regular intervals.

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Solution Give the Meaning of ‘Debenture’? Concept: Meaning and Concept of Debentures.
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