debentures are also fixed income, Financial Management

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debentures are also fixed income

Debentures are also fixed income securities with a specified interest rate. These securities have charge over the assets of the issuer. In contrast to bonds which are insecured, debentures are secured. Debentures are an alternative source of borrowing based on assets similar to borrowings from banks and FIs with charge on assets.

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Financial Management: debentures are also fixed income

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