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In this lesson, the discussion shifts to raising capital through debentures, specifically focusing on private companies, as opposed to the previous lesson's emphasis on public companies. The lesson highlights that while public companies face more stringent regulations, private companies have their own set of requirements and protections. The session aims to define what debentures are, outline the necessary requirements and classifications, and explain the safeguards in place for parties involved in the event of liquidation. The term "debentures," derived from Latin, means "money owed."