Debenture Topics

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• mortgage bonds
• millennium stadium
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• voting rights
• chandra
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Debenture, Debenture

Debentures are long-term debt instrument used by large companies to obtain funds. Where securities are offered, loan stocks or bonds are termed 'debentures' in the UK or 'mortgage bonds' in the US.

Debentures are generally freely transferable by the debenture holder. Debenture holders have no voting rights and the interest given to them is a charge against profit in company's financial statements.

It is a medium to long-term borrowing facility created by a company. Where repayment is secured by a charge over land, the document is called a 'mortgage'. Where repayment is secured by a charge other assets of the company, the document is called a 'debenture'. Where no security is involved, the document is called a note or 'unsecured deposit note'. Chandra Gopalan (2007); Company Law in Singapore 3rd Edition; McGraw-Hill Education (Asia).

The new website, http://www.wimbledondebentureholders.com , allows debenture holders to sell their own tickets without paying a middle man, thus making the tickets themselves considerably cheaper for consumers. http://www.wimbledondebentureholders.com/ In 2008, the Millennium Stadium announced they were planning a similar scheme.

Source: Wikipedia > Debenture