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Which of the below is not an ownership security?
35. Which of the below is not an ownership security?
- Debentures
- Fixed Deposit
- Preference Shares
- Equity Shares
Answer: A) Debentures
Explanation:
Debentures are not ownership security. A debenture is a type of debt instrument that is not secured by collateral and usually has a term greater than 10 years.