{"id":24773,"date":"2024-04-15T06:51:11","date_gmt":"2024-04-15T06:51:11","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=24773"},"modified":"2024-04-15T06:51:11","modified_gmt":"2024-04-15T06:51:11","slug":"unsecured-debentures-are-also-called-as-_________-a-mortgaged-debentures-b-simple-debentures-c-bearer-debentures-d-registered-debentures","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/unsecured-debentures-are-also-called-as-_________-a-mortgaged-debentures-b-simple-debentures-c-bearer-debentures-d-registered-debentures\/","title":{"rendered":"Unsecured debentures are also called as _________. A. Mortgaged debentures B. Simple debentures C. Bearer debentures D. Registered debentures"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Mortgaged debentures&#8221; option2=&#8221;Simple debentures&#8221; option3=&#8221;Bearer debentures&#8221; option4=&#8221;Registered debentures&#8221; correct=&#8221;option2&#8243;]<!--more--><\/p>\n<p>The correct answer is: B. Simple debentures.<\/p>\n<p>Unsecured debentures are also called simple debentures because they are not secured by any specific asset of the company. This means that in the event of a default, the debenture holders have no recourse to any specific asset of the company. Instead, they are only entitled to a share in the general assets of the company.<\/p>\n<p>Mortgaged debentures are secured by a specific asset of the company. This means that in the event of a default, the debenture holders can seize the asset and sell it to recover their investment.<\/p>\n<p>Bearer debentures are not registered in the name of the owner. This means that the ownership of the debentures is transferred by physical delivery of the debenture certificate.<\/p>\n<p>Registered debentures are registered in the name of the owner. This means that the ownership of the debentures is transferred by a change in the register of debenture holders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Mortgaged debentures&#8221; option2=&#8221;Simple debentures&#8221; option3=&#8221;Bearer debentures&#8221; option4=&#8221;Registered debentures&#8221; correct=&#8221;option2&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[695],"tags":[],"class_list":["post-24773","post","type-post","status-publish","format-standard","hentry","category-business-and-commerce","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Unsecured debentures are also called as _________. A. Mortgaged debentures B. Simple debentures C. Bearer debentures D. Registered debentures<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/unsecured-debentures-are-also-called-as-_________-a-mortgaged-debentures-b-simple-debentures-c-bearer-debentures-d-registered-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unsecured debentures are also called as _________. A. Mortgaged debentures B. Simple debentures C. Bearer debentures D. 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