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Meaning of Debentures

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Question

Write one word/term/phrase which can substitute each of the following

The debentures of which the payment is not made until the winding up of company.

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Solution

Irredeemable debentures

Explanation: Debentures that are not redeemable during the life time of a company are known as irredeemable debentures. These are also known as perpetual debentures.

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