Answer Posted / ujjal das.pgdm, vsbm
A DEBENTURE is a credit instrument isued by a company in
acknowledgement of loan received.A co. may raise long term
finance at any time by issuing debentures.Debentures carry
fixed rate interest and are normally repayable at the end
of the period for which loan is taken.
| Is This Answer Correct ? | 29 Yes | 4 No |
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