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Question
Give the Meaning of 'debentures Issued as Collateral Security'
Give the Meaning of 'debentures Issued as Collateral Security'
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Solution
It refers to a second line of security that is applicable for the original loan taken by the company.
If such a situation arises that the borrower fails to make payment of the original loan amount, then the collateral security can be realised.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
It refers to a second line of security that is applicable for the original loan taken by the company.
If such a situation arises that the borrower fails to make payment of the original loan amount, then the collateral security can be realised.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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