188
Question
__________ debentures are secured by a charge on the assets of the company.
__________ debentures are secured by a charge on the assets of the company.
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Solution
The correct option is C Mortgage
Mortgage debenture are those which are secured against the fixed assets of the company. In such a case, a specific property is pledged as security. In case the debenture is not redeemed or exercised, the financial institution will recover the costs by selling the fixed assets.
Mortgage debenture are those which are secured against the fixed assets of the company. In such a case, a specific property is pledged as security. In case the debenture is not redeemed or exercised, the financial institution will recover the costs by selling the fixed assets.
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