What is meant by issue of debenture as a collateral security?
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Meaning: The term 'collateral security' implies additional security given for a loan. ... But in case the loan is not repaid by the company on the due date or in the event of any other breach of agreement, the lender has the right to retain these debentures and to realize them.
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Explanation:
The term 'collateral security' implies additional security given for a loan. ... But in case the loan is not repaid by the company on the due date or in the event of any other breach of agreement, the lender has the right to retain these debentures and to realize them.
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