diff b/w a bond and debenture is 

bonds are unsecured and debentures are secured

The two words can be used interchangeably. We use the word bonds to refer to debt securities issued by government, semi-government bodies and public sector financial institutions and companies. We use the word debentures to refer to the debt securities issued by private sector companies

bond can not be for short term. however debenture may be for short term

REC 8.71% Tax-Free Bonds Issue – August 2013: The Bond to Bond With

The current environment in the Indian financial market can perhaps be termed cataclysmic. The stock indexes have made losing a habit and the Rupee is headed for the Marina Trench. Investors are in a gloomy mood and are desperate to latch on to options which can keep them buoyant in troubled waters.

https://holisticinvestment.in/blog/rec-tax-free-bonds-august-2013/

Regards

Ramalingam K- Director & Chief Financial Planner.

HOLISTIC INVESTMENT PLANNERS PRIVATE LTD

“Best Performing Financial Advisor Award” Winners from CNBC TV18

Website: www.holisticinvestment.in