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Board Question Paper : July 2022 — SPCC STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceSPCCBoard Question Paper : July 20221 Mark
Question
What is the meaning of mortgage debenture?
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Answer

The company, by issuing such debentures, create a charge on the assets which can be fixed charge or floating charge. This is the meaning of mortgage debenture.

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