UK Accounting Glossary
A written acknowledgement of a debt – a name used for loan financing taken up by a company.
The issued share and debenture capital of the company as of the 31st Dec 2017 was: – The company has a reserve fund of £4,732,169, the major part of which is invested in the business.
When the money was lent, solicitors drew up the debenture to be signed by all parties representing the financially challenged business and the bank.
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This glossary post was last updated: 23rd December 2018.