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Question
Debentures which are transferable by mere delivery are ______.
Options
Registered debentures
First debentures
Bearer debentures
None of the above
MCQ
Fill in the Blanks
Solution
Debentures which are transferable by mere delivery are Bearer debentures.
Explanation:
Bearer debentures are debentures that can be transferred by delivery and for which the corporation keeps no record of the holders. The individual who delivers the interest coupon connected to debentures receives the interest.
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