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Question
Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?
Solution
The debentures that are secured by creating a charge on the assets of a company are known as mortgage debentures. Therefore, they are also known as secured debentures. The charge on the assets can be fixed, i.e. on some particular asset of the company or floating, i.e. on all the assets of the company in general.
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Write one word/term/phrase which can substitute the following
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Select most appropriate alternative from those given below
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Select most appropriate alternative from those given below :
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Select most appropriate alternative from those given below :
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