9 Questions
What do convertible preference share holders have the right to convert their shares into?
Equity shares
What term is used for the finance needed by a business organization?
Capital
Who do equity shareholders elect as their representatives?
Board of Directors
To whom are bonus shares issued as gifts?
Existing shareholders
What is the relationship between bond holders and the company?
Creditors
What is a depository receipt traded in a country other than the USA called?
Global Depositary Receipt (GDR)
In which year was the first Industrial Policy declared?
1956
'Deferred payment' refers to when goods are delivered by a supplier to a customer with payment due:
At any time in the future
What is the main characteristic of debentures?
Debt instrument with no fixed maturity date
Test your knowledge on the features and characteristics of debentures, including priority of repayment, assurance of repayment, and fixed rate of interest. Explore why debentureholders have a priority in repayment over other claimants and the importance of paying interest on time.
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