A document
stating the terms of a loan, usually to a company.
Debentures may be secured on part or all of a
company's assets, or they may be unsecured. Often
also referred to as a floating charge, and the
lender is often referred to as the debenture holder.
(Please Note: The
definitions are not intended to be exhaustive
summaries of the Law. They are based on material
from The Insolvency Act 1986 , and other Acts
dealing with this subject.)
Budgeting at christmas 
