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 – debenture

Explanation

It is a debenture that is grown under a seal by a company in acknowledgment 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