Which of the Following Best Describes a Floating- Charge Debenture

question 15

Multiple Choice

Which of the following best describes a floating- charge debenture?

• A)Holders are entitled to the total proceeds from the sale of pledged assets.
• B)A specific corporate asset is pledged as security.
• C)Holders are entitled to the proceeds from the sale of unpledged assets.
• D)Several corporate assets are pledged as security.

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Definitions:

Health Care

Health care encompasses services provided to individuals or communities for the prevention, management, and treatment of physical and mental health conditions.

Income Maintenance

Government programs designed to ensure individuals have a basic level of income, through mechanisms like unemployment benefits, social security, or welfare programs.

Economic Security

The condition of having stable income or other resources to support a standard of living now and in the foreseeable future.

Union-management Agreements

Agreements made between labor unions and employers regarding work conditions, wages, and benefits.