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Question : Debenture trustee is secured by:

Option 1: Debenture Trust Deed

Option 2: Debenture Trust File

Option 3: Debenture Trusteeship

Option 4: Debenture Trustee Document


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Debenture Trust Deed


Solution : A debenture trustee, also known as a bond trustee, is a financial institution or entity appointed by a company issuing debentures (bonds) to represent the interests of the bondholders. A trust deed, also known as a debenture trust deed or bond indenture, is a legal document that governs the terms and conditions of a debenture issue and establishes the rights and obligations of the bondholders, the issuing company, and the debenture trustee. Hence, the correct answer is option 1.

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