What is a Debenture?
ACertificate for the investment in shares
BNone of these
CCertificate for the preference share
DCertificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
Correct answer
D. Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period
Explanation
The correct answer is Certificate issued by a company promising the payment of a specified amount at a fixed rate of interest after a specified period.