A fixed rate of interest is paid on debentures. The maximum interest payable on these debentures was 14% till recently. But now it has been relaxed.
2. The interest gained on them is fully taxable.
3. Redeemable at a premium
4. Secured by a charge on immovable properties-present and future.
5. Traded on the stock exchanges.
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ReplyDeleteLe-Meridian Funding Service.
(60 Piccadilly, Mayfair, London W1J 0BH, UK) Email Contact Info...lfdsloans@lemeridianfds.com