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📚 Shares vs Debentures – Points 6 to 10 (Quick Exam Revision) 🔹 Security: Shares are unsecured capital, while debentures are usually secured on company assets. 🔹 Time of Issue: Shares are issued at the early stage of company formation. Debentures are issued at a later stage when the company has assets. 🔹 Suitability: Shares are suitable for long-term finance. Debentures are suitable for medium-term finance. 🔹 Types: Shares – Equity & Preference. Debentures – Registered, Bearer, Secured, Uns
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