Q102
A ________ is an acknowledgement of a debt.
A.
share
B.
debenture
AnswerC.
equity share
D.
preference share
Answer: Option B
Solution
Answer: Option B
Solution:
A debenture is an acknowledgement of a debt. An undertaking to repay a sum of money as a debt by a company which has been deposited with or lent to the body. They are usually secured by fixed charge and floating charge.