2/3/2010 Debt securities ·Debentures Definition:Levy v Abercorris Slate and Slab Co (1887)37ChD260 Debenture-holder as creditor ·Certificates:s70 Types of debentures Redeemable and irredeemable debentures ·Convertible notes ·Unsecured notes ·Debenture series ·Debenture stock ·Bearer debentures 22/3/2010 2 3 Debt securities • Debentures • Definition: Levy v Abercorris Slate and Slab Co (1887) 37 Ch D 260 • Debenture-holder as creditor • Certificates: s 70 4 Types of debentures • Redeemable and irredeemable debentures • Convertible notes • Unsecured notes • Debenture series • Debenture stock • Bearer debentures