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debenture

I am interested to know what this is, and how it can help a company if anyone can let me know i would be grateful it is in relation to a

Debenture for
Form: MG01 - Particulars of a mortgage or charge
PARTICULARS OF A MORTGAGE OR CHARGE / CHARGE NO: 1
The average woman would rather have beauty than brains,
because the average man can see better than he can think.

Many people's view of the world is down to their experience, perception and what they have been conditioned to,this isnt any old MSE reply this is a important and experienced MSE reply :rotfl:

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    and how it can help a company

    Could you clarify your question or expand a little more.
  • santashelper_2
    santashelper_2 Posts: 1,446 Forumite
    a company i am looking to do business with have this on their credit check i wondered what it was
    The average woman would rather have beauty than brains,
    because the average man can see better than he can think.

    Many people's view of the world is down to their experience, perception and what they have been conditioned to,this isnt any old MSE reply this is a important and experienced MSE reply :rotfl:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Bank will hold a debenture over the Companies assets to secure any lending, overdraft loans etc.

    The term mortgage is legalese for a charge to secure a debt. To buy a property for example the transaction is in reality just a loan.
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