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Which of the following is not an ownership security?
Answer & Solution
Correct Answer:
Option
C
Debentures is not an ownership security. A debenture is a type of debt instrument that is not secured by collateral and usually has a term greater than 10 years. Debentures are backed only by the creditworthiness and reputation of the issuer. Both corporations and governments frequently issue debentures to raise capital or funds.
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