Sources of Finance
Other Loans
The term debenture is a strictly legal term but there are other forms of loan or loan stock. A loan is for a fixed amount with a fixed repayment schedule and may appear on a balance sheet with a specific name telling the reader exactly what the loan is and its main details.
Image: An artist's impression of the new Arsenal stadium. You may have heard the term 'debenture holders' in relation to the financing of sports stadia. Part of the funds raised for stadium developments like those at Wembley, Arsenal, the rugby stadium at Twickenham and the cricket stadium at Trent Bridge in Nottingham are financed by debentures. The debenture holders usually also receive access to boxes at the stadium for their use throughout the period of the 'loan'.
Copyright: Miller Hare, used by kind permission of Arsenal Football Club.
| Index | Previous | Next |
|
