Practicing Success
When the charge is on a specific asset in case of issue of secured debentures, Then this charge is called: |
Fixed charge Floating charge Either option 1 or 2 None of these |
Fixed charge |
Secured debentures refer to those debentures where a charge is created on the assets of the company for the purpose of payment in case of default. The charge may be fixed or floating. A fixed charge is created on a specific asset. |