Debentures
Debenture is a fixed interest rate-bearing bond of an organization backed by some amount of credit. It is not secured by collateral. In maximum cases, the debentures are being secured. Important secured debentures are as follows:
- Mortgage debentures
- Floating Charge Debentures
Depreciation
Depreciation is a process in which the value of an asset declines due to wear and tears. It needs to calculate the rate of depreciation before calculating the rate of profit.
The term depreciation in a currency is meant as a declining value of a currency in comparison to the other currencies.
Dual Currency Bonds
In such type of bonds both interest payments and principal payments can be made in different currencies.
