Accountancy, asked by hateemkhan9999, 2 months ago

What are naked debentures

Answers

Answered by priya1097

Answer:

A certificate of debt that is not secured by an asset or lien, but rather by all the issuer's assets not otherwise secured. This means that the debt represented by a naked debenture carries no collateral; in case of bankruptcy, the debt holder is considered a general creditor.

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