DEBENTURE

Description

Mind Map on DEBENTURE, created by baidurie92 on 23/12/2013.
baidurie92
Mind Map by baidurie92, updated more than 1 year ago
baidurie92
Created by baidurie92 about 11 years ago
363
0
1 2 3 4 5 (0)

Resource summary

DEBENTURE
  1. Definition
    1. document which either creates a debt or acknowledges it, an any document which fulfils either of these conditions is debenture (Chitty J said in Levy v Abercorris Slate & Slab CO )
      1. include besides debt, any obligation, covenant, undertaking or guarantee to pay or any acknowledgement thereof (James Foong J said in Bensa Sdn. Bhd. v Malayan Banking Bhd (1993))
        1. Include any debenture stock, bonds, notes and any other securities of a corporation. Exclude bank deposit slips, bill of exchange & promissory note (Section 4 (1))
        2. Types
          1. Debenture payable to a registered
            1. registered in the name of the holder
              1. can be transfered
              2. debenture payable to a bearer
                1. negotiable instrument
                  1. transfered by deliver to transferee
                  2. Secured debenture
                    1. property is charge to debenture holder
                    2. unsecured debenture
                      1. not secured by a charge over the property
                      2. Redeemable debenture
                        1. Principle money is repaid to holder at specific period
                        2. perpetual debenture
                          1. issue w/o fixed date for redemption
                        3. Differences between share/shareholders and debenture/ debenture holder

                          Media attachments

                          Show full summary Hide full summary

                          0 comments

                          There are no comments, be the first and leave one below:

                          Similar

                          BIOLOGY B1 2
                          x_clairey_x
                          NEW: ExamTime's Mind Map Maker
                          Andrea Leyden
                          Cells - Biology AQA B2.1.1
                          benadyl10
                          Physics P1
                          Phoebe Drew
                          Edexcel Additional Science Chemistry Topics 1+2
                          hchen8nrd
                          C1 Quiz
                          Leah Firmstone
                          Forces and motion
                          Catarina Borges
                          RadioTelefonia
                          Adriana Forero
                          Theory of Knowledge Essay Preparation
                          Derek Cumberbatch
                          DEV I Part II
                          d owen