A debenture is an unsecured bond; it requires no collateral in the form of a physical asset (such as a building). A debenture’s only security is the creditworthiness and reputation of the issuer (the borrower).
A debenture is an unsecured bond; it requires no collateral in the form of a physical asset (such as a building). A debenture’s only security is the creditworthiness and reputation of the issuer (the borrower).