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A type of long-term loan granted to companies with fixed interest rate as well a...


Question

A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.

Options

A) debenture

B) a bond

C) a term loan

D) an overdraft

The correct answer is A.

Explanation:

it is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture

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Dicussion (1)

  • it is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture

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