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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
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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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