Commerce:Debentures
Debenture certificate. Image credit catawiki.com ZIMSEC O Level Commerce Notes: Debentures
Debentures
- Are loan capital or money borrowed from financial institutions and individuals.
- Earn interest at a fixed rate.
- Interest is paid whether or not a company has made profits.
- Debentures are creditors to the company.
- A safe form of investment.
- May […]
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