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Issue of Debentures as Collateral Security

The term impl...

Question

The term _______ implies additional security given for a loan.

A

None of these

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B

Extra security

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C

Collateral security

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D

Special security

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Solution

The correct option is C
Collateral security

The term ‘collateral security’ implies additional security given for a loan.

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Issue of Debentures as Collateral Security

Standard XII Accountancy

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