Debenture can be secured with some property of the company. * True or False?
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According to Companies Act, sec. 2(12) “Debenture includes stock, bonds and any other securities of a company whether constituting a charge on the company's assets or not”. ... They are secured by some charge on the assets or property of the company. The charge may be either fixed charge or floating charge
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ANSWER: when a debenture is secured, it's backed up collateral. In other words, A lender receives a king of insurance against that laon not being paid back. If a borrower defults and can't pay of thire loan, the lender can redeen what is owned by acquiring the asset belong to the borrower.
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