What is the another name for naked debentures? |
Secured debentures Mortgaged debentures Unsecured debentures None of the above |
Unsecured debentures |
The correct answer is option 3- Unsecured debentures. Unsecured debentures is the another name for naked debentures. Unsecured debentures do not have a specific charge on the assets of the company. However, a floating charge may be created on these debentures by default. Normally, these kinds of debentures are not issued. |