Question

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

The debentures where a charge is created on the assets of company.

Answer 1

Secured debentures

Explanation: Secured debentures are guarded by a charge on the company’s assets. The charge can be fixed or floating. Fixed charge means that they are secured by a particular asset of the company and floating charge means that they are secured by all the assets of the company in general.