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What is a debenture?

Author:
Harold Averkamp, CPA, MBA

A debenture is an unsecured bond. In other words, a debenture is a bond without a lien on specific assets owned by the issuing corporation.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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