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Issue of Debentures as Collateral Security

The term impl...

Question

The term implies additional security given for a loan.

A

special security

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B

extra security

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C

collateral security

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D

loan security

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Solution

The correct option is C collateral security
The term ‘collateral security’ implies additional security given for a loan. In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

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Issue of Debentures as Collateral Security

Standard XII Accountancy

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