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hi in this video we will discuss the accounting treatment when debentures are issued as collateral security lets note a few important points loads taken are secured by a mortgage of the assets known as prime or principal security now collateral security means security given to the lender over and above the crime or the principal security that is apart from the prime or the principal security where any other security is given then it is called collateral security collateral security can be realized by the lender only when both these conditions are fulfilled one the borrower must default in the payment of interest and or repayment of principal amount and the prime or principal security should fail to meet the loan liability so only when both these conditions are fulfilled the lender can exercise his her right on the collateral security the benches are normally issued as collateral security when the borrower is not able to mortgage an asset as collateral security when the loan is paid ba
