The Debentures that are payable on the expiry of the specific period either in lumpsum or in installments during life time of the company are called..........
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Redeemable Debentures
Debentures that are repaid after a fixed period, in one lump sum or in instalments, during the life of the company are redeemable debentures.
Option (1) Secured Debentures — Incorrect. This class depends on a charge on assets, not on the period of repayment.
Option (3) Perpetual Debentures — Incorrect. These are irredeemable: no repayment during the life of the company.
Option (4) Specific Coupon Rate Debentures — Incorrect. This class depends on the interest rate, not on repayment.
NCERT (2026-27 edition): NCERT (2026-27 edition):
NCERT (2026-27 edition):
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