ACCA LW ^Eng Syllabus E. Capital And The Financing Of Companies - Explain The Meaning Of Loan Capital And Debenture - Past Papers ^{2 / 3}

In relation to a debenture, which of the following is NOT true?

A It may be issued at a discount
B Interest on it may be paid from capital
C It is paid after preference shares
D It is freely transferable

In relation to company law, explain the meaning of, and distinguish between the rights attached to, following interests in a company:

(c) debentures.