a debenture share entitles its holder to?

Assessment: JAMB UTME - Economics - 1993 Subject: Economics

Question 1 Report

a debenture share entitles its holder to?
Answer Details
A debenture share entitles its holder to receive a fixed interest on sums invested. A debenture is a type of bond issued by a company that represents a long-term loan to the company. The holder of a debenture receives a fixed interest payment at a predetermined rate and for a specific time period, regardless of the company's financial performance. Unlike a stock, a debenture does not represent ownership in the company, so the holder does not have voting rights or the ability to participate in the annual general meeting of the company.
Read lesson note on Theory Of Price Determination (WAEC)
Read lesson note on The Theory Of Demand (JAMB)
Read lesson note on Economics As A Science (JAMB)
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