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In this video tutorial, the speaker compares two scenarios to explain the concept of debentures. In the first scenario, a person wants to buy jeans and asks a friend to lend money, representing a simple friendship agreement. In contrast, the second scenario involves a business owner looking to expand by raising capital through investors or financial institutions. The owner promises to repay the borrowed amount with interest over time, which exemplifies the concept of debentures. The video aims to discuss debentures in detail, covering how they work, their various types, advantages, disadvantages, and additional relevant information.