UK Accounting Glossary
A written acknowledgement of a debt – a name used for loan financing taken up by a company.
A debenture is an agreement between a lender and a borrower which is registered at Companies House and lodged against your company’s assets.
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.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Debenture are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.