Debentures are part of:
a) Owned capital b) Borrowed capital c)Both (a) & (b) d)None of these
Answers
Answered by
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Answer:
Borrowed capital
Actually, i'm not sure about this answer but this was not a fluke
Explanation:
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Answered by
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Option b is the correct option.
Explanation:
- Option b i.e. Borrowed capital is the correct option because a debenture is a type of bond or medium- to long-term debt instrument that is not secured by any collateral and is used by large organizations to borrow money at a fixed rate of interest.
- So, it must rely on the creditworthiness and reputation of the issuer for support.
- Organizations such as corporations and governments issue debentures frequently to raise capital or funds.
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