InterviewSolution
Saved Bookmarks
| 1. |
What do you mean by lssue of Debentures as Collateral security, |
|
Answer» Debentures issued as COLLATERAL Security. Collateral means secondary. Thus, collateral security REFERS to supporting or secondary security for a loan. In case the borrower fails to pay the original loan AMOUNT on the due date, the lender can sell the collateral security to REALIZE the amount of loan. |
|