A debenture holder is a

Assessment: WAEC SSCE - Financial Accounting - 2009 (Objective) Subject: Financial Accounting

Question 1 Report

A debenture holder is a
Answer Details
A debenture holder is a creditor. A debenture is a type of bond or loan issued by a company, government or organization. Debenture holders are individuals or entities that have provided loan capital to the issuing entity, in return for regular interest payments and repayment of the principal at a specified time. As a result, debenture holders are considered creditors of the issuing entity, rather than shareholders or promoters.
Read lesson note on Cashbook (JAMB)
Read lesson note on Nature And Significance Of Accounting (JAMB)
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