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anybody do quizzes crosswords etc,i do i like them,but i like them 9 letter word things and the word normally jumps out at me ala countdown but not yesterday no,the letters were ebdtnerue,im wracking my brains thinking wtf is this word like? so in the end after about 4 hours i gave up,and looked at the answer,i wont tell you the word in case you get it,so i looked in the dictionary too see what it meant and the words not even there,im not buying that paper again.
Well, whats the answer?
Debenture
it is debenture yes jen but its not in the dic,what does it mean?
A debenture is a document that either creates a debt or acknowledges it. In corporate finance, the term is used 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. A debenture is thus like a certificate of loan or a loan bond evidencing the fact that the company is liable to pay a specified amount with interest and although the money raised by the debentures becomes a part of the company’s capital structure, it does not become share capital.
AND
In sport, a debenture is defined as a certificate of agreement of loans which is given under the company’s stamp and carries an undertaking that the debenture holder will get a fixed return (fixed on the basis of interest rates) and the principal amount whenever the debenture matures. The terms may also include ancillary benefits such as an option to buy tickets at a favourable price, as well as or instead of interest.
A large number of sporting organisations have issued debentures to raise money, to allow their fans to gain a financial stake in the club, and to foster a sense of community.
Pfffft Lucy got there before me…like wot she said :lol:
hah my google is faster then yours although you prob didn’t need google :oops:
lol I would have googled to make sure I was right, but then I was interrupted by a customer…always a welcome interruption :D
ty,well thats cleared that up then,no wonder i didnt get it,i know nothing about money.
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