Saved Bookmarks
| 1. |
The debentures carrying zero interest are known as |
|
Answer» Such debenture is CALLED 'naked debenture' or 'unsecured debenture'. Explanation: Normally DEBENTURES are secured by a mortgage or a charge on the COMPANY's assets. However debentures may be issued without any charge on the assets of the company. Such debenture is called 'naked debenture' or 'unsecured debenture'. |
|