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Explain the following term/concept. Interest warrant - Secretarial Practice

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Question

Explain the following term/concept.

Interest warrant

Short Note

Solution

A fixed-rate of interest is paid by the company on the investment made by the debenture holders. This interest is paid by the company by means of an interest warrant. The interest warrant is attached to the letter for payment of interest which is sent to debenture holders by the secretary.

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Correspondence with Debentureholders - Specimen Letters
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Chapter 7: Correspondence with Debentureholders - EXERCISE [Page 115]

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Balbharati Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
Chapter 7 Correspondence with Debentureholders
EXERCISE | Q 2. 6. | Page 115

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