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Debenture Holder
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... The charge is recorded in a legal document called a debenture and is registered with the Registrar of Companies. ... The debenture contains a promise to pay the amount recorded in it together with commercial interest. The lender or creditor becomes a secured creditor and is known as the debenture holder. ...
http://www.hmrc.gov.uk/manuals/commanual/comglossary/comgloss129.htm |
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Convertible debenture - Wikipedia
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Convertible debenture
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... A "convertible debenture" is a type of business loan that leaves the lender the option of taking stock in the company instead of repayment. In theory, the market price of a convertible debenture should never drop below its intrinsic value. ... [25/04/06]
http://en.wikipedia.org/wiki/Convertible_debenture |
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Companies Clauses Act 1863 (c.118)
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... The powers of borrowing and re-borrowing by the company shall, to the extent of the money raised by the issue of debenture stock, be extinguished. ...
http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1863/cukpga_18630118_en_3 |
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