Question

Select most appropriate alternative from those given below :

___________debentures of which the amount is repaid written specific period.
a) Redeemable
b) Irredeemable
c) Secured
d) Non convertible

Answer 1

Redeemable debentures of which the amount is repaid within specific period.

Explanation: Debentures, on which the amount is to be paid back after a specified period of time, as per the terms of the issue, are known as redeemable debentures. They can only be redeemed after the expiry of a specified time period.