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Issued at Par and Redeemed at Par

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Question

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

The debentures which are registered in the register of company.

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Solution

Registered debentures

Explanation: Debentures that are not transferable by mere delivery are known as registered debentures. The names and addresses of holders of these debentures are recorded with the company. Such debentures can be transferred only through the execution of a proper transfer deed.

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