Discussion Forum : Nabard & Other Bank Examinations
Question -
Which of the following is a long-term, unsecured debt instrument with a lower claim on assets and income than other classes of debt?
Answer: Option D
A SUBORDINATED DEBENTURE IS A LONG-TERM, UNSECURED DEBT INSTRUMENT WITH A LOWER CLAIM ON ASSETS AND INCOME THAN OTHER CLASSES OF DEBT.
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A SUBORDINATED DEBENTURE IS A LONG-TERM, UNSECURED DEBT INSTRUMENT WITH A LOWER CLAIM ON ASSETS AND INCOME THAN OTHER CLASSES OF DEBT.
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