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Standard XII
Accountancy
Introduction to Financial Statements
Write one wor...
Question
Write one word/term/phrase which can substitute each of the following
The debentures where no charge is created on the assets of company.
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Solution
Unsecured debentures
Explanation:
Debentures that are not secured by any security or do not have a charge on the assets are known as unsecured or naked debentures.
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