Question

Objective type questions.
Answer in are sentence only.

What is meant by ‘Mortgaged Debenture’?

Answer 1

The debentures that are secured by creating a charge on the assets of a company are known as mortgage debentures. Therefore, they are also known as secured debentures. The charge on the assets can be fixed, i.e. on some particular asset of the company or floating, i.e. on all the assets of the company in general.