Terms Beginning With 'd'

Debenture

  • January 09, 2020
  • Team Kalkine

A debenture is a debt instrument used by large entities to borrow funds at a fixed rate of interest, that has no collateral backing. Companies usually use debentures to raise capital to pay for a planned business expansion and to meet the costs of an upcoming project. Though debentures offer a higher rate of interest than bank deposits, they carry higher risk.

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