Which of the following is not a kind of debenture ?
Flexible debentures is not a standard debenture classification. Bearer debentures are classified by how they are held and transferred, non-convertible debentures by the…
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Which of the following is not a kind of debenture ?
Answer and explanation
Correct answer A
Flexible debentures is not a standard debenture classification. Bearer debentures are classified by how they are held and transferred, non-convertible debentures by the absence of conversion into shares, and irredeemable debentures by their repayment terms. A product may have flexible contractual terms without flexible becoming a recognised general category.
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