What is the difference between Long term Loan and Debt?
Answer Posted / sonali
Loan are secured by some collateral security or mortgagte.
Many times there are no collateral securities for debts.
At the time of liquidation debentureholders are paid in the
last after settelment of all the creditors.
| Is This Answer Correct ? | 10 Yes | 11 No |
Post New Answer View All Answers
What do you mean by financial accounting?
When rbi was established?
Tell me about your financial condition
Can I Get A Credit Card After Bankruptcy?
why are some accounting principles or conventions are more important than the others?
What Are Various Services Provided By A Commercial Bank?
How is future growth of SEBI in India and any hurdles to it ?
What do you know about NIACL?
Describe the advantages and disadvantages of international trade?
What is the use of Balance Sheet?
What is market stabilization scheme (mss)?
Does leasing release the firm from bad investment?
Is There A Pass/fail Threshold? What Supervisory Actions Are Taken If Banks Do Not Meet The Capital Demand?
What do you know about OROP?
What is a demand draft and overdraft?