A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.
-
A.
debenture -
B.
a bond -
C.
a term loan -
D.
an overdraft
Correct Answer: Option A
Explanation
It is a debenture that is grow under a seal by company in acknowledgement of a debit undertaking to repay the stated amount or sum on or before a certain date and to pay a fixed rate of interest. There are redeemable and irredeemable debenture