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What is a debenture?
  • a)
    A unit of ownership in a company.
  • b)
    A unit of loan amount issued by a company.
  • c)
    A type of equity share in a company.
  • d)
    A unit of tradeable commodity.
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is a debenture?a)A unit of ownership in a company.b)A unit of loa...
A debenture is a unit of loan amount issued by a company when it intends to raise funds from the public. It represents a debt obligation that the company owes to the debenture holders.
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