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Question
Write Short Note on Secured Debentures
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Solution
These are the debentures that are secured by a charge on the assets of the company. These are also called mortgage debentures. The holders of secured debentures have the right to recover their principal amount with an upward amount of interest on such debentures out of the assets mortgaged by the company. In other words, the company makes a default in payment. the debenture holders can recover their dues from the mortgaged property.
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The debentures which are convertible into shares.
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Answer in a sentence only.
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Write one word/term/phrase which can substitute the following
The acknowledgment of debt under common seal of company.
Write one word/term/phrase which can substitute the following
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__________ is acknowledgment of debt under common seal of company.
Give the word / term or phrase which can substitute the following statement.
The debentures which are converted into shares.
Answer the following question in one sentence.
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Explain any five types of debentures through which a company can collect borrowed capital from the public.
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