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The entitlement of a debenture holder from a company's income is known as

Commerce
WAEC 2012

The entitlement of a debenture holder from a company's income is known as

  • A. commission
  • B. interest
  • C. lien
  • D. dividend
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Correct Answer: Option B
Explanation

debentures are a long-term security yielding a fixed rate of interest, issued by a company and secured against assets. The holders are paid a fixed interest

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