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Hi, Thanks for checking into my profile. My name is Johnn Reynolds. I'm living in Houston. what are debentures? They're financial instruments that can be bought and sold in a variety of ways, most notably through the internet. However, they also have some other functions as well such at times it makes sense to call them investment certificates or futures contracts rather than just longs and calls because there is no direct monetary value attached to each contract made by an individual entity." The basic idea behind how these security-enhancing investments work today is fairly simple; any type (or mix) could hold bonds – stocks, commodities etc.. In fact you may buy your own stock via shares which were issued with underlying equity if I'm not mistaken.