Hi, my name is Nitin Krish from India. And one of my favorite hobbies is reading books. And here I like to tell you about what is a debenture. A debenture is called floating and fixed charge sometimes. It is a written agreement or document between the agreed parties borrower and a lender. A debenture is also known as a capital market instrument that is used or issued by the company to raise long or medium-term funds from the public. And it can be transferable freely by the debenture holders. But the right to vote is not given to the debenture holder in the company's meetings. If you want additional data about debenture like their types then you can visit the given link.