The debentures which are transferred by way of delivery. Answer in a word / phrase / term.
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The debentures which are transferred by way of delivery.⤵️⤵️⤵️⤵️
Bearer Debenture.
The debentures which are transferred by way of delivery.⤵️⤵️⤵️⤵️
Bearer Debenture.
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The debentures which are transferred by way of delivery are bearer debentures.
* Such debentures are to be paid to the bearer( the holder of the debentures).
* There is a system of coupons associated with such debentures, using which interests are paid.
* These are issued by a company and are unsecured, mainly done to raise capital and funds.
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