填空题 Debenture-holders are paid before preference and ordinary shareholders and if 1 company goes bankrupt they will have first claim for repayment. If 2 investor has 3 fixed debenture, their investment is linked to 4 assets of 5 company and 6 company cannot sell those assets without 7 permission of 8 investor. On 9 other hand, floating debentures cover 10 company"s stock and are issued by 11 companies who have 12 few fixed assets like 13 land and 14 machinery, but hold large stocks of products, 15 wholesalers for example.