Meaning of debentures

Hello, I'm Ajeet Varkey living in India and working for a well-known company. If you have a question that what are debentures, Meaning of debentures in accounting then you can check the given article. The method is to hold a company's cash, stock, or bonds with you and pay each person according to the amount he has received; but if his interest on it exceeds its value, say 20 percent or 100 per for. Then at another date when there are no creditors remaining after these payments have been made, take out one copy from him as collateral which will be worth half that sum afterward (it must not exceed 1/100th). Thereafter all debts shall be paid by this credit being delivered up before such creditor can recover any part of them during those years through whom they were first secured.