The acknowledgment of debt under common seal of company. Answer in a word / phrase / term.
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Heya user!
Debt is your answer.
Debt is your answer.
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Answer:
Debenture
Explanation:
A debenture is a type of long term loan taken by a company. Most of the debentures come with a fixed interest rate and a debenture is normally repaid on a specific date but some debentures are irredeemable securities.
A debenture is a document which gives a charge to lenders over the Assets of the borrowers. It is the acknowledgement taken by an organisation from the public at large for a debt.
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