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Question
Debentures on which a company does not give any undertaking for the repayment of money borrowed are called ______.
Options
Bearer Debentures
Secured Debentures
Perpetual Debentures
Registered Debentures
MCQ
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Solution
Debentures on which a company does not give any undertaking for the repayment of money borrowed are called perpetual debentures.
Explanation:
In perpetual or irredeemable debentures, the company does not commit to repaying the principal amount.
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