| Term | Bonds and debentures | | Definition | Bonds and debentures are long-term securities that give the holders the unconditional right to one or both of: (a) a fixed or contractually determined variable money income in the form of coupon payments, i.e. payment of interest is not dependent on earnings of the debtors, (b) a stated fixed sum as a repayment of principal on a specified date or dates when the security is redeemed. | | Paragraphs | 7.100.;11.74.;[12.109.] |
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