Question
From the below statements identify which one best
describes a Convertible Note?Solution
A convertible note is a type of short-term debt financing commonly used by startups to raise capital from investors. It is a debt instrument that can be converted into equity (shares of stock) at a later time, usually at the occurrence of a specific event, such as the next round of funding or a liquidity event like an IPO or acquisition.
Which department or role is typically responsible for maintaining bin card?
What is the "Financial Inclusion and Development Department (FIDD)" of the Reserve Bank of India (RBI)?
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When did the Securities and Exchange Board of India (Sebi) implemented a T+0 (same day) settlement cycle for the cash segment on an optional basis, and...
What is the main objective of Prompt Corrective Action (PCA) framework by RBI?
Credit Information Bureau (India) Limited CIBIL is India’s credit information bureau which provides consumers credit scores to a closed user group of ...
What is C in PNCPS
Consider the following statements.
1. Owing to Covid-19 pandemic, India lost its dominance in the world services trade in FY22.
2. Softwar...
What financial situation does an entity face if it is described as having negative working capital?
The concept of morale refers to:
What is the maximum loan under the Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC)?