A characteristic of a debenture is that?

A debenture is a type of long-term debt instrument issued by a company or government to raise funds. One characteristic of a debenture is that its yield is a fixed rate of interest, which is paid to the debenture holder at regular intervals until the maturity date of the debenture. This means that the investor knows exactly how much interest they will receive, and when they will receive it, providing them with a predictable income stream. Unlike equity, debenture holders do not have any voting rights in the company. Additionally, debentures typically have a redemption date, which is the date when the company is required to repay the principal amount of the debenture to the investor.