"These debentures do not have a specific charge on the assets of the company". Name the type of debenture being highlighted in this statement.
"These debentures do not have a specific charge on the assets of the company". Name the type of debenture being highlighted in this statement.
Solution
✅ Correct Option: 4
Debentures classified on the basis of security are secured (a fixed or floating charge exists on assets) or unsecured, also called naked debentures, where no charge is created on the company's assets.
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