A type of long-term loan granted to companies with fixed interest rate as well as...
COMMERCE
JAMB 2015
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: A. debenture
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