JAMB Commerce 2011 Objective — Question 28

Question 28 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.

A source of business financing which involves pledging of a specific asset is A. mortgage B. bond C. debenture D. loan

A. A. mortgageCorrect
B. B. bond
C. C. debenture
D. D. loan

Explanation

Mortgage is a form of pledge in which a person pledges his asset to get loan or surrender receipts of an asset to get finance for the same asset.

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