What Are Debentures? Everything You Need To Know
Hudson Weir
APRIL 15, 2021
A debenture is a document representing a loan agreement between a lender and a borrower, granting the lender security over the borrower’s assets. This gives the lender a means of collecting the debt if the borrower cannot pay. Preferential creditors are next, including employees owed arrears of wages and holiday pay.
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