Question

Debenture in the nature of. Contingent liability on which no interest is payable are known as

Answer 1

Answer:

collateral security

Explanation:

this type of deventures are known as collateral security

Answer 2

Collateral Security is the answer.

Debenture:

Statement: Debenture in the nature of  Contingent liability on which no interest is payable are known as

Completed Statement: Debenture in the nature of. Contingent liability on which no interest is payable are known as collateral security.

• Debentures offered as collateral security serve as a backup or supplement to the company's original loan. In the event that the borrower defaults on the original loan, the lender might seize the collateral security.