Is debenture and bond is same?

Debentures and bonds are similar in that they are both debt instruments used to raise capital, but there are key differences. A debenture is an unsecured debt instrument, meaning it is not backed by physical assets or collateral, while bonds are typically secured by specific assets or revenue streams. Additionally, debentures are commonly issued by corporations, whereas bonds can be issued by both corporations and governments. Overall, the terms can sometimes be used interchangeably, but their specific characteristics may vary based on jurisdiction and context.