a security issued by a company in respect of a loan made by investors
Debentures issued by companies and traded on the JSE. They receive interest, not dividends, and such interest must be paid out whether the company is profitable or not.
Long-term debt issued by a company in order to raise capital for which interest is paid.
Loan stock is long-term business finance on which interest is paid, usually at a fixed rate. Holders of loan stock are, therefore, long-term creditors of a business.
Bonds issued by companies that are not secured on its assets, unlike debentures.
Stock bearing a fixed rate of interest. Unlike a debenture, loan stocks may be unsecured.
A security bearing a fixed rate of interest. The capital (the amount loaned) is repaid after a given period of time.