A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?

By: |Published on: Dec 19|Categories: Commerce JAMB| 0 comments

A. a debenture
B. a bond
C. a term loan
D. an overdraft

Correct Answer:

Option A – a debenture

Users Also Read These:

SEE ALSO  Total sales less total returns inwards is called?

Copyright warnings! Do not copy.