Question: What is the difference between a bond and a debenture? Bonds trade on exchanges, debentures trade on the over-the-counter market. A debenture is secured by

What is the difference between a bond and a debenture? Bonds

What is the difference between a bond and a debenture? Bonds trade on exchanges, debentures trade on the over-the-counter market. A debenture is secured by specific physical assets; a bond is secured by residual assets. Bonds are issued by govermments, debentures are issued by corporations. A bond is secured by specific physical assets; a debenture is secured by residual assets

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