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Question
Debenture is ______.
Options
a written instrument acknowledging a debt written by its holder
an oral acknowledgement of the debt by a company
a written instrument acknowledging a debt written by its company
none of these
MCQ
Fill in the Blanks
Solution
Debenture is a written instrument acknowledging a debt written by its company.
Explanation:
A debenture is a written instrument that acknowledges a company's debt.
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Issue of Debentures
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