Practicing Success
In which type of debentures the company does not give any undertaking for the repayment of money borrowed by issuing such debentures? |
Redeemable Debentures Irredeemable Debentures Convertible Debentures Specific Coupon Rate Debentures |
Irredeemable Debentures |
Irredeemable debentures are also known as Perpetual Debentures because the company does not give any undertaking for the repayment of money borrowed by issuing such debentures. These debentures are repayable on the winding-up of a company or on the expiry of a long period. |