Which of the Following Statements Accurately Defines a 'Debenture

question 31

Multiple Choice

Which of the following statements accurately defines a 'debenture'?

• A)The process by which a floating charge becomes a fixed charge.
• B)Security for a loan attached to all of the assets of the company.
• C)Security for a loan attached to specific assets such as land and buildings.
• D)A document whereby a company acknowledges a debt.

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Definitions:

Peer-to-peer Network

A decentralized network architecture where each participant (peer) shares part of their resources to benefit the network without the need for central coordination.

Specialized Software

Software designed to address specific needs of particular industries, professions, or applications, distinguishing it from general-purpose software.

High-speed Internet

Internet service that provides significantly faster download and upload speeds when compared to the traditional dial-up connection.

Network Type

Classification of computer networks based on their size, connectivity, and purpose, such as LAN, WAN, or MAN.