What is bearer debentures meaning

There are lots of important questions are asked in exams in the commerce stream and one of the main topics is about debentures like types of debentures, their overall meaning. And one of the main types of debentures is bearer debentures. In this description, you can get the answer to the question of what is bearer debentures meaning in accounting. Such kinds of debentures are transposable or exchangeable by delivery. These debentures are negotiable instruments are to be paid to the bearer. The main thing about these debentures that you need to keep in mind that there is no record of such types of debentures are maintained. Interest on these debentures is to pay to the bearer. So, if you also want to know about other types of debentures such as registered debentures, irredeemable debentures, redeemable debentures then you can visit the given link.