In the commerce stream, the most asked question in exams is on debentures like what is a debenture, its types, debentures definition. In case a company needs money they will borrow the same from the public but doesn't replace its share capital composition and after that, they issue a credit document or certificate with a specific time written on it which carries a rate of return. This certificate is known as a debenture. Debenture has many types convertible, redeemable, non-convertible, irredeemable, and much more. If you want to know its types in brief details then you can visit the given link.