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218 | Navbodh Business Studies : Class XI, , CHARACTERISTICS OF DEBENTURES, The nature of debenture are as under :, , (i) A debenture is a certificate of debt., , (ii) The company acknowledges the debt to the holders of the debentures by issuing, of debenture certificate., , (iii) Debentures are generally secured by a float, company. aes, , ing charge on all the assets of the, (iv) A debenture is a convenient means of external borrowings., , (v) A debenture includes debenture stock,*bonds or any of the security., , (vi) A debenture contains the provision for payment of fixed interest at regular intervals, on fixed dates., , (vii) A'debenture contains the provision for repayment of principal-sum of due date., Pic ween ce ran, eee eee et, , |, |