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Unsecured debentures are also called as

This question belongs to Commerce Business And Commerce
Business and Commerce
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Unsecured debentures are also called as _________.

Answer & Solution
Correct Answer: Option B
Unsecured debentures are debentures that are not supported by a collateral security. No specific assets will be set aside against unsecured debentures. It is basically a loan with out any protection. They are backed only by the general credit worthiness of the issuer.
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Pooja Singh
Pooja Singh 9 years ago
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