Mar 8, 2011 12:23
13 yrs ago
51 viewers *
English term
France
High Quality & Great Turnaround
Native in: French 
Works in: English to French, Russian to French
debenture/debenture stock/bond/obligation
English
Bus/Financial
Investment / Securities
Hi Forum!
Is there by any chance someone here who can explain to me the difference between debenture/debenture stock/bond/obligation because I'm lost...
Here's the sentence:
"To carry on the business of an investment company and for that purpose to acquire and hold either in the name of the company or in that of any nominee shares, stocks, debentures, debenture stock, bonds, notes, obligations and securities issued or guaranteed by any company wherever incorporated or carrying on business"
Many thanks!
Is there by any chance someone here who can explain to me the difference between debenture/debenture stock/bond/obligation because I'm lost...
Here's the sentence:
"To carry on the business of an investment company and for that purpose to acquire and hold either in the name of the company or in that of any nominee shares, stocks, debentures, debenture stock, bonds, notes, obligations and securities issued or guaranteed by any company wherever incorporated or carrying on business"
Many thanks!
Responses
| 4 +4 | debenture/debenture stock/bond/obligation |
Martin Riordan
|
Change log
Mar 8, 2011 12:36: Stéphanie Soudais changed "Language pair" from "English to French" to "English" , "Field" from "Tech/Engineering" to "Bus/Financial"
Mar 8, 2011 13:03: Steffen Walter changed "Field (specific)" from "Finance (general)" to "Investment / Securities"
Responses
+4
42 mins
Martin Riordan
Brazil
Brazil
Native in English
&
English
Brazil
Brazilian lawyer - 40+ years in Brazil
Native in: English (Variants: British, UK, Irish, US, Australian, Canadian, New Zealand, Scottish) 
, Portuguese (Variants: Brazilian, Mozambican, Angolan, European/Portugal)
Works in: Portuguese to English, English to Portuguese, English, and 1 more.
Related KudoZ points
:
8
Selected
debenture/debenture stock/bond/obligation
You can find good definitions and explanations for financial instruments following the Wikipedia link below.
In law, a debenture is a document that either creates a debt or acknowledges it. The term is used in corporate finance for a medium to long-term debt instrument used by large companies to borrow money. In some countries the term is used interchangeably with bond, loan stock or note.
Debenture stock is a type of stock that makes fixed payments at scheduled intervals of time.
A bond is a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.
A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a general obligation bond.
In law, a debenture is a document that either creates a debt or acknowledges it. The term is used in corporate finance for a medium to long-term debt instrument used by large companies to borrow money. In some countries the term is used interchangeably with bond, loan stock or note.
Debenture stock is a type of stock that makes fixed payments at scheduled intervals of time.
A bond is a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal.
A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a general obligation bond.
Reference:
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
Something went wrong...