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A is an acknowledgement of a debt

This question belongs to Commerce Business And Commerce
Business and Commerce
?

A ________ is an acknowledgement of a debt.

Answer & Solution
Correct Answer: Option B
A debenture is an acknowledgement of a debt. An undertaking to repay a sum of money as a debt by a company which has been deposited with or lent to the body. They are usually secured by fixed charge and floating charge.
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