The Debenture is treated as the same as a loan. It has a fixed rate of interest which is paid by the firm after every completed year. It has a fixed maturity date.  Table of Contents Meaning of Debenture: Definition of Debenture:  Features:  Type of Loan:  Period and Mode of payment predefined: Fixed-Rate of Interest: … Continue reading Debenture – Meaning, Definition, Features, and types