Hello and thank you for visiting my profile. I am a well-experienced commerce teacher from India. Here are some details about debentures. debentures means are a type of unsecured debt, which is a type of long-term debt. Unsecured debt is debt carried by an entity that does not have the rights or privileges attached to secured debt. There are several types of unsecured debt. The most common are bonds, debentures, and commercial paper. Stockholders typically do not get priority status over creditors in the case that a corporation goes bankrupt during bankruptcy proceedings, so defined debentures are generally preferred as they rank better in bankruptcy proceedings.