Accountancy, asked by alokshukl, 5 months ago

3- What is meant by ‘Issue of debentures as a Collateral Security’?​

Answers

Answered by richarautela333
1

Answer:

issue of debenture as collateral

Explanation:

debenture issued as collateral security is secondary Or parallel security for the original loan taken by the company. The lender can realize the collateral security in case borrower fails to make the payment of original loan

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