How do you buy the debenture?

Corporate, municipal or government bonds can easily be purchased by opening a brokerage account with a bank or other financial institution.

The fees for purchasing individual bonds are usually modest but since there are many thousands of different bond issues available, many investors prefer to purchase bond mutual funds.

The risk of loss due to a bond default is greatly reduced by purchasing a bond mutual fund since the fund will normally hold a wide variety of different bonds.

U.S. government bonds can be purchased directly and without fees by opening an account directly with the U.S. Treasury.