Debenture

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Debenture is the same as a share of the company, but

debentureholders are considered as creditors of the company and are first to receive their money back incase of dissolution of the company.

Shareholders on the other hand are considered as the owners of the company and are the last ones to receive their money incase of dissolution of the company.

Also debenture-holders get a fixed amt of dividend (interest) every year irrespective of the company making a profit or not, whereas shareholders only receive dividend (interest), which is not a fixed amount, only if the company makes a profit...