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what is the difference between a bond and a debenture?
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investopedia has definitions for both: debenture: a type of debt instrument that is not secured by physical asset or collateral. bond: a debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. wikipedia's entry for debenture says: in some countries [debenture] is used interchangeably with bond, loan stock or note. seems to me that there's not much difference.
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