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 share -The shares are the owned funds of the company.The holder of shares is known as shareholder.Shares represent the capital of the company.
debentures -
The debentures are the borrowed funds of the company.The holder of debentures is known as debenture holder.Debt represents the debt of the company.
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Person holding share is known as shareholder. person holding debenture is known as debenture-holder.
The share of a company provides ownership to the shareholders. 
Shares can not be converted into debenturesDebentures can be converted into shares.

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