Debentures are a type of debt security that is issued by companies and governments. They are typically long-term, unsecured loans that pay interest at a fixed rate. Debentures are often used to finance large projects, such as infrastructure development or the purchase of new equipment.
There are a number of benefits to investing in debentures. First, they offer a relatively high rate of return compared to other types of fixed-income investments. Second, they are relatively safe, as they are backed by the full faith and credit of the issuer. Third, they can provide diversification for your investment portfolio.
