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Banking Term: Debenture

Important banking qna for banking aspirants, which is helpful in banking exam.

Apr 27, 2015 17:09 IST
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A debenture is an instrument in which the issuer (company) undertakes the obligation to repay the face value of the debenture to its holder at the end of a pre-determined period. Besides a fixed life span, debentures carry a specified coupon rate at which the holder earns interest on it.

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