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Redemption of Debentures

Write one wor...

Question

Write one word/term/phrase which can substitute each of the following

The acknowledgment of debt under common seal of company.

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Solution

Debenture

Explanation: Debentures are debt funds issued in the form of certificates under the common seal of the company. The certificates contain the details about rate of interest for the specified period, repayment of principal and the schedule of interest payments.

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