What is the another name for naked debentures? |
Secured debentures Mortgaged debentures Unsecured debentures None of the above |
Unsecured debentures |
Unsecured debentures lack a specific claim or lien on the assets of the company. In the event of default, it is possible for a floating charge to be created on these debentures, but it's important to note that unsecured debentures with this feature are not commonly issued. |