Sunday, October 13, 2019
Simultaneous Multithreading :: Threads Caches Hyper Threading Essays
Simultaneous Multithreading Simultaneous multithreading à ¡Ã ª put simply, the shar-ing of the execution resources of a superscalar processor betweenmultiple execution threads à ¡Ã ª has recently become widespread viaits introduction (under the name à ¡Ã °Hyper-Threadingà ¡Ã ±) into IntelPentium 4 processors. In this implementation, for reasons of ef-ficiency and economy of processor area, the sharing of processorresources between threads extends beyond the execution units; ofparticular concern is that the threads share access to the memorycaches.We demonstrate that this shared access to memory caches pro-vides not only an easily used high bandwidth covert channel be-tween threads, but also permits a malicious thread (operating, intheory, with limited privileges) to monitor the execution of anotherthread, allowing in many cases for theft of cryptographic keys.Finally, we provide some suggestions to processor designers, op-erating system vendors, and the authors of cryptographic software,of how this atta ck could be mitigated or eliminated entirely.1. IntroductionAs integrated circuit fabrication technologies have improved, provid-ing not only faster transistors but smaller transistors, processor design-ers have been met with two critical challenges. First, memory latencieshave increased dramatically in relative terms; and second, while it iseasy to spend extra transistors on building additional execution units,many programs have fairly limited instruction-level parallelism, whichlimits the extent to which additional execution resources can be uti-lized. Caches provide a partial solution to the first problem, whileout-of-order execution provides a partial solution to the second.In 1995, simultaneous multithreading was revived1in order to com-bat these two difficulties [12]. Where out-of-order execution allowsinstructions to be reordered (subject to maintaining architectural se-mantics) within a narrow window of perhaps a hundred instructions,Key words and phrases. Side channels, sim ultaneous multithreading, caching.1Simultaneous multithreading had existed since at least 1974 in theory [10], evenif it had not yet been shown to be practically feasible. -------------------------------------------------------------------------------- Page 2 simultaneous multithreading allows instructions to be reordered acrossthreads; that is, rather than having the operating system perform con-text switches between two threads, it can schedule both threads simul-taneously on the same processor, and instructions will be interleaved,dramatically increasing the utilization of existing execution resources.On the 2.8 GHz Intel Pentium 4 with Hyper-Threading processor,with which the remainder of this paper is concerned2, the two threadsbeing executed on each processor share more than merely the execu-tion units; of particular concern to us, they share access to the memorycaches [8]. Caches have already been demonstrated to be cryptograph-ically dangerous: Many implementations of AES [9] are subject to tim-ing attacks arising from the non-constancy of S-box lookup timings [1].
Saturday, October 12, 2019
Free Essays: Odysseus of the Odyssey and Moses of Exodus :: comparison compare contrast essays
Odysseus of the Odyssey and Moses of Exodus The Book of Exodus is considered to be an epic poem as by definition. An epic poem as defined by Funk and Wagnalls is a poem celebrating in stately, formal verse the achievements of heroes, gods, and demigods (426). The Book of Exodus as well as the entire Bible was written in the form of an epic poem. Major characteristics of epic poems are that there is always a heroic figure. Moses is indeed comparable to Odysseus, the heroic figure in the Odyssey. Although both men had different purposes they are still considered comparable according to the definition of an epic. Like Odysseus, Moses was at one with the gods. In Moses' case it was only one almighty god. Moses had a special covenant with God. It was as if Moses was Gods' body on earth. Moses spoke Gods' words and acted upon his request. Moses possessed many characteristics that made him a great man. In the Exodus there were many examples where Moses showed his great wisdom. He also possessed somewhat magical power given to him by God. He also had a divine purpose in life. Moses was on a "mission from god" so to speak to deliver his people from bondage. His mission was similar to those of other typical epics. It was of course a very dangerous and exhausting journey that lasted a very long time. There were many obstacles to overcome as well as internal affairs among the Hebrews. Moses was born a Hebrew but was raised as the prince of Egypt. Just like Odysseus, Moses was a man of nobility. Moses did not know he was a Hebrew until he was a much older man. He was living a lie without even realizing it. "And it came to pass in those days, when Moses was grown, that he went out unto his brethren, and looked on their burdens: and he spied an Egyptian smiting an Hebrew, one of his brethren (Exodus 2. 11). It was then that Moses realized who he was, but he was still unaware of his destiny to lead his people out of bondage. When Moses realized who he was he fled to the land of Midian. Free Essays: Odysseus of the Odyssey and Moses of Exodus :: comparison compare contrast essays Odysseus of the Odyssey and Moses of Exodus The Book of Exodus is considered to be an epic poem as by definition. An epic poem as defined by Funk and Wagnalls is a poem celebrating in stately, formal verse the achievements of heroes, gods, and demigods (426). The Book of Exodus as well as the entire Bible was written in the form of an epic poem. Major characteristics of epic poems are that there is always a heroic figure. Moses is indeed comparable to Odysseus, the heroic figure in the Odyssey. Although both men had different purposes they are still considered comparable according to the definition of an epic. Like Odysseus, Moses was at one with the gods. In Moses' case it was only one almighty god. Moses had a special covenant with God. It was as if Moses was Gods' body on earth. Moses spoke Gods' words and acted upon his request. Moses possessed many characteristics that made him a great man. In the Exodus there were many examples where Moses showed his great wisdom. He also possessed somewhat magical power given to him by God. He also had a divine purpose in life. Moses was on a "mission from god" so to speak to deliver his people from bondage. His mission was similar to those of other typical epics. It was of course a very dangerous and exhausting journey that lasted a very long time. There were many obstacles to overcome as well as internal affairs among the Hebrews. Moses was born a Hebrew but was raised as the prince of Egypt. Just like Odysseus, Moses was a man of nobility. Moses did not know he was a Hebrew until he was a much older man. He was living a lie without even realizing it. "And it came to pass in those days, when Moses was grown, that he went out unto his brethren, and looked on their burdens: and he spied an Egyptian smiting an Hebrew, one of his brethren (Exodus 2. 11). It was then that Moses realized who he was, but he was still unaware of his destiny to lead his people out of bondage. When Moses realized who he was he fled to the land of Midian.
Friday, October 11, 2019
The Universal Effects of Animal Cruelty
Did you know that animals are not the only ones affected by animal cruelty? In fact, both animals and humans alike receive trauma and pain as a result of these atrocities. Many of these perpetrators involved in these harmful acts of abuse tend to not know the effects of their crimes and almost never have a good reason for doing so. Studies show that there are two types of animal cruelty: passive and active. Passive cruelty is not indirect abuse, but it involves neglect of caring for animals, whereas active cruelty is meant to purposely harm the animals and it is often associated with sociopaths. Animal cruelty is evident all around the world and includes: starving and not caring for domestic animals, testing products on animals, being utilized as shark bait, brutalizing and harming animals during film productions, and the notorious cruelty done for generation after generation without any particular reason. There has to be more laws implemented to stop harming animals overall, since the animals themselves are helpless in getting aid. Animals deserve just as much respect and rights to live in this world as humans do. Animals everywhere are just like humans and want to protect their loved ones. Animal cruelty is a worldwide issue that harms all living beings mentally and physically, therefore, in order to create a humane society for all organisms, it should altogether be stopped. First, many people think that hurting animals is harmless to us humans, but they are wrong, because many human serial killers began their first crime as animal cruelty which then graduated into human cruelty. There is a lot of evidence that shows that serial killers and abusers began with animal cruelty. If a human can abuse animals and show psychological issues, then it is possible that they can do the same harm to a human, which would solemnly cause not only harm to the animal society, but to the human society. Stopping animal cruelty and reporting people who do these malicious acts can possibly prevent human massacres as well as animal massacres. In 1997, Bostonââ¬â¢s Northeastern University and the MSPCA did a study that found ââ¬Å"70% of all animal abusers have committed at least 1 other crime and that 40% had committed violent crimes against humansâ⬠(Internet). This suggests that nearly half of the people that commit animal cruelty crimes also commit human cruelty crimes. Any kind of violence against a human being is inhumane and isnââ¬â¢t allowed, just as animal cruelty shouldnââ¬â¢t be allowed, seeing as many criminals have a tendency to follow up with human cruelty crimes. Eric Harris and Dylan Klebod were two high school students that killed 12 classmates and then committed suicide only after they had ââ¬Å"bragged to friends about mutilating animals. If these acts had been reported to authorities and taken seriously, these two young men might have been put in a proper facility and helped, possibly avoiding the horrific massacreâ⬠(Internet). This suggests that the criminals arenââ¬â¢t the only ones who can prevent these kind of animal and human cruelty crimes, but bystanders and those who overhear people doing these such things can take one step forward and report these crimes. Given these type of examples, it should only be more motivation for every state, every country, and every continent to implement anti-animal abuse laws to save lives. Anybody can be helpful in saving many more animal lives as well as human lives, not just the government and the legal system, because animals and humans are always important to somebody. Second, most animal cruelty happens in a household and chances are there are children in these households that either grow up traumatized or influenced to repeat these atrocities. Children are more vulnerable to being corrupted from witnessing animal cruelty because these images stay with them as they grow older and they can possibly reenact these crimes themselves. The criminals either force the children in the household to watch the abuse take place or they abuse the children as well. This can cause trauma in young children, which causes them to grow up corrupted or chances are that ââ¬Å"a child abusing an animal can grow up to be someone who commits other violent crimesâ⬠(Internet). This suggests that human children are also affected by animal cruelty as well as the animal victims. These children can be scarred for life, whether itââ¬â¢s mentally or physically. Children arenââ¬â¢t the only ones who have to observe animal cruelty going on, but they are the future of every generation and if they are broken at an early age, then they cannot make it in a stable life. Also, with a constant cycle of children witnessing animal cruelty and then committing to animal cruelty, there will only be more and more people affected by this and then it will be harder and harder to put an end to. Children at a young age will have to learn from somebody, if not their parents, and they ââ¬Å"do not have ine control over their movements and impulsesââ¬âthey will want to treat their pets with love, but will need a little help from you to do it correctlyâ⬠(Internet). This suggests that the adults and teenagers of the world can control how a childââ¬â¢s development turns out and if we do not perform animal cruelty acts in front of children then they will not be exposed to a harsh world as they grow up. The earlier we instill kindness into nurturing child development, the less theyââ¬â¢ll turn out to be convicted of animal cruelty felonies. Third, passive and active cruelties are both common from people who only do it to feel a sense of power and authority, but that in itself is senseless since it still harms many animals and people. In most cases, ââ¬Å"most animal abusers find some sort of fulfillment or power in torturing a victim they know can't fight back, which is why crimes like rape and child molestation are committed. â⬠(Internet). This suggests that the abusers want to feel superior and want to harm their pets or wild animals just to achieve this sort of power. This would be considered an unfair fight when the perpetrator knows that the animal canââ¬â¢t do anything to defend itself and no one would be around to help it. As Jenny Leigh says, ââ¬Å"It is our job to be the voice for creatures who cannot speak up for themselvesâ⬠(Internet). People like Jenny are affected by the violent crimes done to animals and their disturbance makes them want to find ways to help these poor animals. In other cases, the animal abusers find it amusing to perform sadism on poor animals without considering how that animal feels. One way that one could feel control by hurting an animal is for example, when a husband may hurt the family pet in order to show his wife or kids what he is capable of doing to them whenever he gets angry enough. Another person may use his or her own pet to hurt other animals just to feel a gain of power and control. These kind of people ââ¬Å"suffer from serious, psychological problems that will probably not go away on their ownâ⬠¦. Without help, the psychological problems these people have can haunt them for their whole livesâ⬠(Internet). This evidence suggests that the people who intentionally hurt animals already have some psychological issues that make them the way they are. These people need help from psychologists and people that know that they have a problem with abusing animals should aid them in receiving help to solve their problems. Lastly, most people donââ¬â¢t understand that they actually take part in animal cruelty and these heedless actions cause much passive cruelty, if not any active cruelty. People that are harming the animals donââ¬â¢t even realize the consequences of their actions and they donââ¬â¢t understand that it is actually a really bad thing to do. It is senseless to allow people to carelessly roam around abusing animals without even thinking about it. While active cruelty is more common and disturbing, passive cruelty isnââ¬â¢t any less important. In fact, it can lead to ââ¬Å"terrible pain and suffering, and ultimately death. Examples include starvation, dehydration, untreated parasite infestations, inadequate shelter in extreme weather conditions, and the failure to get medical careâ⬠(Internet). This evidence suggests that the owners of domestic animals harm their pets in their own ignorance and neglect. Animal shelters are designed to give unsheltered animals a chance to have a provided home with a caring owner, but with neglectful owners that commit passive cruelty to their pets, it is difficult to tell if the person the shelters give the animal to can be trusted. Whether itââ¬â¢s active or passive cruelty, people need to be fined or arrested for hurting any kind of animals. However, some people actually think that animal cruelty is good because killing animals such as cows and chickens provide food for humans. Some say that humans need animals for food and that it is inevitable for animal cruelty to come to a complete end when there are many people out there in the world who canââ¬â¢t give up eating meat. ââ¬Å"For centuries people killed animals for food and never considered it cruel. It was just a survivalâ⬠(Internet). This evidence suggests that as long as people feel that they need to eat meat in order to survive, animal cruelty will not be stopped. People see meat as a basic necessity for ensuring their survival when it comes to food, so they wonââ¬â¢t think too hard on how guilty they should feel when they learn that animal cruelty is how their food is made. In spite of that, animal cruelty should still end, because everyone could always become vegetarians since it is healthier for our planet and ourselves. The manufacturing and producing of many meats or products derived from dead animals releases many greenhouse gases on our earth and contributes to even more global warming which will eventually harm all humans and animals alike. This ââ¬Å"littleâ⬠act of animal cruelty to provide food isnââ¬â¢t as big as a necessity when there are plenty of greens around and when many lives wonââ¬â¢t be harmed in the making. In conclusion, animal cruelty hurts animals and humans respectively and must be stopped in order to achieve a humane societal world. This research is important because people need to know what happens in this world. People deserve to know the truth about how the world is running itself and rather than being lied to by the government, people can be educated and informed on these worldwide issues which can then motivate them to help stop it. People will realize what animal cruelty does to animals and humans altogether and they can protest to end it or have laws implemented to ban it. Many people are disturbed, traumatized, and angered by the violent animal cruelty acts but they have no kind of power in trying to stop it, so this would be really helpful for those who are in the unknown of this issue. Works Cited Information on Animal Cruelty ASPCA 13 April 2011 http://www.dosomething.org/tipsandtools/info-animal-cruelty Through Their Eyes, The National Animal Abuse Registry 2004, 13 April 2011 http://www.inhumane.org Leigh, Jenny. Animal Cruelty Must Stop 13 April 2011 http://www.teenink.com/hot_topics/environment/article/90968/Animal-Cruelty-Must-Stop/ 11 Facts about Animal Cruelty 13 April 2011 http://www.dosomething.org/tipsandtools/11-facts-about-animal-cruelty Animals Used for Food PETA 13 April 2011 http://www.peta.org/issues/animals-used-for-food/default2.aspx Beaulne-Stuebing, Laura. Whatââ¬â¢s Good about Animal Cruelty? Thrust Labs 17 January 2008, 13 April 2011 http://stayingvegan.com/vegan-university/whats-good-about-animal-cruelty/ Talking to Kids about Animal Cruelty ASPCA 2011, 13 April 2011 http://www.aspca.org/fight-animal-cruelty/talking-to-kids-about-animal.aspx Chicken Cruelty http://library.thinkquest.org/05aug/00044/id42.htm
Thursday, October 10, 2019
A Short History and Summary of the Current Conditions in Chile and Its Geographical Situation Essay
Chile is a country situated on the west coast of South America. It is also known as The Republic of Chile. The size of Chile is 289,112 square miles with a width of less than 100 miles. It is basically a little larger than Texas. Chile is divided into three main parts, mainland and two territorial islands named Isla Sala y Gomez and Easter. Chile has an interesting history and it has seen many ups and downs in its economic development (Hudson, 1994). A description of the history of the 20th century of Chile and its current economic and political situation is presented below. The history of the 20th century of Chile is mainly focused on its entrance to the parliamentary system and thus it saw the changes in its political situation. In the beginning of the 20th century, Chile was stable despite of having lesser power in the hands of presidents. During this time, congress selected the president for the country. The presidents of this century mainly includes: German Riesco Errazuriz, Pedro Montt, Ramon Barros Luco, and Juan Luis Sanfuentes. During the 1920ââ¬â¢s, there was an increasing gap between the middle class and lower class of society (Bizzarro, 1987). Due to this gap, the masses were dissatisfied and they called a new leader, Arturo Alessandri Palma, who brought the system of election for the selection of president. He brought other changes as well such as compulsory primary education and separation between the church and state. After a few monthsââ¬â¢ service of Alessandri, Carlos Ibanez came into power and promoted public works and industry; however, he is known as a military dictator. Electoral Democracy was there during the years of 1931 to 1971 in Chile. After a period of uncertainty in Chile, Alessandri came into power again. Alessandri ruled Chile almost like a dictator and restored the power of Constitution of 1925. Considering the presidency elections of 1958, it is found that there were three candidates and all were from different types of people. They were conservative, Christian Democrat, and Socialist (Zanartu, & Kennedy, 1969). Jorge Alessandri Rodriguez won the election of 1858 and maintained a stable situation in Chile. Alessandri was sensible and with his ability to maintain the economic and political situation, he put a halt to the inflation in Chile; thus, contributed in the economic development of the nation. In 1964, Frei defeated Allende again. Frei was a Christian Democrat and took control over the copper industry of Chile. In the next elections, Allende came into power with his socialist view. Allende was the first elected Marxist in Chile. Allende brought new policies and changed the existing policies; such as, he finished the nationalization of the copper firms of the United States, nationalized banks, and sped up land distribution in the country. Some leaders in Chile were against the socialists programs of Allende. In 1973, with the help of the U.à S. , a military coup ousted Allende (after which he committed suicide). After Allende, Pinochet ruled untill 1990. He was mainly focused on privatization and returned the banks, factories and lands to the private owners, and put strict economic and social condition on the people of Chile (Weil, 1969). Overall, it can be said that Chile saw many different leaders in the history of the 20th century and developed in many directions. Current economic and political situation of Chile is described below in the paper. The Economic Situation During the 1970ââ¬â¢s Chile saw the economic growth, but in the next decade it experienced recession. Pinochet was the president of Chile and he put some strict economic conditions on Chileans. Looking at the current economic condition of Chile, it can be said that it is a growing and prosperous economy. The government of Chile has a played an important role in the economic development of Chile. Peso is the official currency of the country. The government has intervened many times in the financial market of Chile to control the economic situation of the nation and promoted the social spending (Loveman, 1988). According to the current economic condition, the total GDP of Chile is U. S. $ 268. 3 billion and its GDP growth is 5%. Inflation in the country is 4 to 5% and its main industries include copper, iron, lithium, fish processing, foodstuffs, wood and woods products, cement, textile, etc. (Thomas White International, 2013). It is already discussed above that culture and history of Chile has affected the economic development of the country many times and its reflection can be seen in the economic system of Chile. Chile has seen both growth and recession (with the different economic treatments of its presidents) It is currently able to manage a decrease in the foreign debt and open for the foreign investment. The Current Political Situation The current political system of Chile is also stable. It is nation with multiparty. The country has three branches of executive, legislative, and judiciary. The cxecutive branch selects the president for the country and the legislative branch has two houses named Chamber of Deputies and Senate. The Supreme Court and other lower courts come under the judiciary system. There are many political parties involved in the Chilean Government and they are trying to maintain the social and economic condition of the country (Kelleher & Klein, 2011). Analysis and Conclusions Concluding the paper it can be said that Chile has now become an important part of the global economy with its growing industries. Due to many changes in its political atmosphere in the 20th century, Chile faced many challenges in its economic development as it saw growth as well as recession. In 1990, the democratic government was again brought into Chile. A Christian democrat Eduardo Frei won the election in 1993. Currently, the condition of Chile is stable. Chile is facing some challenges in its development of having some problems between the military and the government. Also, there is a belief in the people of Chile that the income inequality is getting worse. Apart from the economic problems, the people of Chile are facing the problems of natural disaster. A devastating earthquake has affected the economic condition of Chilean. The newly elected president of Chile, Sebastian Pinera, is trying to control the challenges that the country is facing (Cynthia & Crabtree, 2010).
Wednesday, October 9, 2019
Reality Television Dissertation Example | Topics and Well Written Essays - 5250 words
Reality Television - Dissertation Example Media provides knowledge through a never-ending list of channels like News, history, education, sports and so on. Initially, this field was restricted only to professionals. But with the advent of reality television shows, normal people found their way to participate and contribute towards media development. The initial efforts were first applied for on-air voice shows and after their resounding success made way into the visual screen; television. Reality television shows, which show real life, are generally unscripted drama or real events pictures on ordinary people rather than professional actors. In addition, hundreds of reality TV websites are devoted to keeping viewers informed about a different range of TV programmes related to merchandise, news, and fan activities1. Ever since TV gained popularity, it is the fore-runner among media development giving the real-time account of happenings in the world. Based on featuring style, purpose and used situations, these shows can be broadly classified in categories like documentary-style, elimination game/quiz shows, self-improvement/makeover, dating shows, talk shows, hidden camera, and hoaxes2. There are lots of controversies regarding reality TV about being real. Many accidents happened during shows. And even many people don't like it due to various reasons. Sometimes these persons are family members of the participant. In spite of these many obstacles, reality TV business in expanding daily and gaining more and more popularity. Reasons for this is its use to ordinary people, many social issues raised and many more. Next sections explain about reality TV in detail and convince the reader about how reality TV efficiently deals with issues like work, home, public, domestic, competition, co-operation, relationships, betrayal, deception, testing, trust, success, winning, failure, celebrity, voyeurism, surveillance, and control.
Tuesday, October 8, 2019
Assignment 2 ACC 410 Term Paper Example | Topics and Well Written Essays - 500 words
Assignment 2 ACC 410 - Term Paper Example Current GASB standards place pension expense as Annual Required Contribution (ARC) that stipulates unfunded liability be amortized over a period not more than 30 years. In addition, the funded status is not recorded in the financial statements, only explained in the footnotes. The disclosures are made under note 11: retirement Plans (p 19-23) under basic financial statements. The university participates in two cost-sharing multiple employer defined benefit pension plans, and two single employer defined contribution plans; both through two systems. Under the Employees Retirement System of Georgia, ERS the contribution rate is stipulated by law at 4% of annual compensation up to $4200 and 6% in Excess of $4200. The University of Georgia contributes in excess of 1.25% for each member in this scheme. A new plan for those hired after July 2009 exist, where members contribute 1.25% of annual compensation. The actuarial valuations for the old and new plan are 10.41%. The other system is the Teachers Retirement System of Georgia, TRS. Normal retirement benefits are equal to 2% of the memberââ¬â¢s two highest subsequent years of service multiplied by the number of years of service. The memberââ¬â¢s contribution is regulated by law to between 5-6%of his deductable salary. The contribution rate for 2011 is recorded as 5.53%, while the employer contribution for the same period is 10.28%. The monetary contributed for 2011 for the two models by the University for its Employees is $ 123,062 for ERS and 35,124,704 for TRS. 1. The immediate recognition of liability changes as a result of plan amendments and accelerated change in liability as a result of actuarial gains and losses together with the underlying actuarial assumptions mystifies pension expense and pension funding, as the ARC set the standard for funding in the current approach. 2. Furthermore, delinking pension expense and pension funding creates two different sets of
Monday, October 7, 2019
Case Study Business Report (answering question) Essay
Case Study Business Report (answering question) - Essay Example The companyââ¬â¢s capital is divided into units with definite values and each of these units is referred to as a share. The people who hold this shares are called the shareholders. The major traits of shares is that they are the capital units for a company and each of them has a face value that is clear-cut. Certificates are issued to their holders for indicating the shares they hold against their values. All shares have unique numbers and their values indicate the significance of an investor in a company along with the degree of their liability (Melicher & Norton, 2010). These shares can be transferred from one person to another. There are several types of shares that a company can issue and these are the equity and preference shares. The preference shareholders receive dividends at a fixed rate and also receive their capital in case the company is winding up. They are quite a safe investment since their holders receive dividends regularly. On the other hand, the holders of equit y shares receive their dividends only after the preference holders have been paid . They also do not receive dividend that is fixed. Their receiving of dividends depends on the profitability of the company. Their initial investments are only refunded once the preference share owners have been paid theirs (Droms & Wright, 2010). ... This implies that if the company makes losses the management has no obligation to pay the owners their dividends. However, shares have disadvantages to their owners since the owners of equity are only paid their dividends when there are profits. The prices of the equity shares are not constant and vary with the companyââ¬â¢s profitability. The company could raise a lot of money in the process of raising shares and this results in the shares having low values. The holders of the equity shares experience high degrees of threats and only own the company by name. The company has the disadvantage in that it cannot trade on the equity shares. The swaying of the owners of equity when voting for leaders by the management can lead to conflicting interests between them (Droms & Wright, 2010). 2. Debentures This is the money that a company borrows for a long period of time and pledges to repay within a constant period. The companies issues certificates to the providers of this loans known as debentures. It is given under the ordinary seal of an organization. It can be described as an acknowledgment that is put in writing for the amounts borrowed. It provides the conditions and terms on the money borrowed, their interest rates, repayment periods along with the securities offered (Rundell, 2008). The debenture holders are considered as creditors to the organization and are repaid after a constant time period. Their owners do not have the rights of voting and these amounts are normally secured. There are two types of these debentures which are the redeemable and irredeemable debentures along with the convertible and nonconvertible debentures. The redeemable ones are only repaid upon maturity
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