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Typically a debenture creates a fixed charge over the assets of the company which are not disposed of in the ordinary course of business and a floating charge over the rest of the company's undertaking.
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Feb 23, 2023 · Law Debenture is an investment trust with a difference. It’s generally bucketed with other UK equity funds, but this definition overlooks the company’s best qualities.
What does Debenture mean? In the UK this is a bond secured by a prior claim on the assets of the issuer or, in some circumstances, by specific assets of the issuer.
An overview of the meaning of the term debenture. To access this resource, sign up for a free trial of Practical Law. Already registered?
A standard form debenture created by a company incorporated in England and Wales in favour of a single corporate lender. This standard document creates a mortgage over properties, fixed charges over a range of other assets and assignments by way of security over the benefit of contracts and insurance policies, together with a floating charge ...
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There is no statutory definition of debenture. Therefore, it has its ordinary meaning which is acknowledgement of debt. Nearly all debentures issued in exchange for shares and debentures will be...
