Death in Service Benefits . Generally refers to one or more of life assurance, spouses and dependants pensions, return of personal contributions, as provided by a pension scheme, on a member s death in service before retirement. Long term loan to a company, usually at a fixed rate of interest and for a specific term. Debenture holders are creditors of the company. In the event of liquidation debenture holders have a preferential claim on the assets.
Debentures are marketable securities.
Entries on the left hand side of an account. A charge against or deduction from an account. Anyone who owes money or services to a company or individual. Declaration of Trust . Written statement to the effect that certain property is to be held in trust.