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Home Questions 8Z2MNNR7NH
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Issue and Redemption of Debentures

Question:

A debenture which is transferable merely by delivery is:

Options:

First debenture

Registered debenture

Bearer debenture

Mortgage debenture

Correct Answer:

Bearer debenture

Explanation:

The correct answer is Option (3) → Bearer debenture

Bearer Debenture: A debenture that is transferable by mere delivery. The company does not keep a record of the debenture holders. Interest is paid to the person who produces the interest coupon.

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