Based on this information Miller Farm Products' debt can be described as a debenture.
<h3>
What is Debenture?</h3>
- A bond or other sort of financial instrument that is secured by collateral is referred to as a debenture.
- Debentures must rely on the issuer's trustworthiness and reputation for support because they lack a collateral backstop.
- Debentures are commonly issued by both businesses and governments to raise cash or money.
- Debentures, like the majority of bonds, may issue periodic interest payments known as coupon payments. Debentures are described in an indenture, much like other kinds of bonds.
- A binding legal agreement between bond issuers and bondholders is known as an indenture.
- The agreement details the terms of a debt issue, including the maturity date, the frequency of interest or coupon payments, the formula for calculating interest, and other details.
- Debentures may be issued by both governments and corporations.
To learn more about Debenture refer to:
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Hi! When is this due and how can I help?
Answer:
cannot pay or charge interest
Explanation:
Islamic banks do not charge interest. The banks are based on Sharia law. Islamic banks make a profit through equity participation.
I hope my answer helps you
Answer:
False
Explanation:
Upward communication: It is channel of communication in the organization from lower level of hierarchy to higher level of hierarchy. It is the channel through which subordinate can convey information or message to higher management of a company. Though it is very popular form of communication in organization, however, it create lot of gap in communication and block the transperancy in communication as it has to pass through many hierarchy before reaching to the top management of organization.
Performance report is one of the example of upward communcation.
