A long-term form of finance that is divided into units, is evidenced by a trust deed and is secured by a floating charge over the assets of a company is a:

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A debenture is a long-term form of finance that is divided into units and is evidenced by a trust deed. It is also secured by a floating charge over the assets of a company, making it a safer option than an unsecured loan or share. A mortgage is a type of secured loan used to purchase property, while a share represents ownership in a company.

A Long-Term Form of Finance That Is Divided into Units