The below mentioned article provides an overview on debt instruments. Debentures: According to section 2(12) of the Companies Act, a "Debenture includes debenture stock, bonds and any other securities of a company, whether constituting a charge on the assets of the company or not". From this definition it is not very clear what is a debenture. A debenture is a [...]
In this article we will discuss about the meaning and process of debt securitization. Meaning of Debt Securitization: It is the process of converting mortgage loans together with future receivables into negotiable securities or assignable debt is called 'securitization'. The Securitization process involves packaging designated pool of mortgages and receivables and selling these packages to the various investors in the [...]
Prof. Hugh Dalton points out that “in the sphere of public finance, we are still haunted by the superficial views and shallow percepts of an early age”. The principles that shaped the financial policies and operations of the state during the nineteenth century have lost its validity and applicability in the twentieth century and even today. The doctrine of Laissez-faire, [...]