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Question
Short Answer Question
What does a Bearer Debenture mean?
Short Note
Solution
When a company does not maintain any record of the debenture holders and the debenture is transferable mere by delivery, then the type of the debenture held by the holders is termed as Bearer Debenture. Interests on such debentures are paid to the persons who produce the interest coupons that are attached with these debentures in a specified bank
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Meaning of Debentures
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