Question

Select most appropriate alternative from those given below :

__________ debentures which are not secured against any charge on asset of the company.
a) Secured
b) Unsecured
c) Redeemable
d) Convertible

Answer 1

Unsecured debentures which are not secured against any charge on asset of the company.

Explanation: The debentures that are not secured by any security or do not have a charge on the assets of a company are known as unsecured or naked debentures.