Debenture and types of debentures

Debenture is written instrument acknowledging debt  and  containing provisions has regards payment of principal and interest at fixed rate.
In other words, Debenture is a medium to long term instrument issued by company to borrow money.
Types of Debentures
1.From the point of view of security

• Unsecured debentures
• Fully secured debentures
• Partly secured debentures

2. From the point of view of Tenure

• Redeemable debentures
• Irredeemable debentures

3. From  the point of view of mode of Redemption

• Convertible debentures (a) fully convertible debentures (b) partly convertible debentures
• Non-Convertible debentures

4. From the point of view of coupon rate

• Debentures carrying fixed rate of interest
• Debentures carrying floating rate of interest

5. From the point view of Registration

• registered debentures
• Bearer debentures