The debentures that are transferable by mere delivery are called as __________ debentures.
A
Secured
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B
Unsecured
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C
Convertible
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D
Bearer
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Solution
The correct option is D Bearer The debentures which are payable to bearer and whose names do not appear in the register of debenture holders are known as “Bearer Debentures”. Coupons for interest are attached to the document and interest is paid to the holders as it falls due. Bearer Debentures are transferable by mere delivery.