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In this lecture from Open Tuition, the focus is on convertible debentures, which are a type of financial instrument used to raise funds for businesses. A debenture is issued, leading to a debit in the bank and a credit in financial liabilities, which are subsequently treated at amortized cost. Convertible debentures offer investors the option to receive shares in the company instead of cash upon redemption. This gives investors an incentive, as they may find better terms in equity ownership rather than cash, making it a unique financing option for businesses. It is important to refer to the free lecture notes from Open Tuition for further details.