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Question
Select most appropriate alternative from those given below :
__________ debentures which are not secured against any charge on asset of the company.
Options
Secured
Unsecured
Redeemable
Convertible
Solution
Unsecured debentures which are not secured against any charge on asset of the company.
Explanation: The debentures that are not secured by any security or do not have a charge on the assets of a company are known as unsecured or naked debentures.
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