The difference between a bond and a debenture is

a$.$ that a bond is an IOU, that is$,$ a written promise that the borrower will pay the lender, at some stated future date, a sum of money and a stated rate of interest, and a debenture is a bond which is secured with a collateral holding.

b$.$ that a bond is an IOU, that is$,$ a written promise that the borrower will pay the lender, at some stated future date, a sum of money and a stated rate of interest, and a debenture is an investment in the stock market.

that a bond is a mutual fund stock, that is$,$ a written promise that the borrower will pay the lender, at some stated future date, a sum of money and a stated rate of interest, and a debenture is a bond which is unsecured.

d$.$ that a bond is an IOU, that is$,$ a written promise that the borrower will pay the lender, at some stated future date, a sum of money and a stated rate of interest, and a debenture is a bond which is unsecured.

e$.$ that a bond is an IOU, that is$,$ a written promise that the borrower will pay the lender, at some stated future date, a sum of money and a stated rate of interest, and a debenture is a mutual which is secured through the chartered bank that issued it$.$

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