Question

The debentures which are payable on the expiry of a specified period either in lumpsum or in instalments during the lifetime of the company are known as ______ debentures.

Options

• Convertible

• Redeemable

• Secured

• Specific coupon rate

Answer 1

The debentures which are payable on the expiry of a specified period either in lumpsum or in instalments during the lifetime of the company are known as reedemable debentures.

Explanation:

Debentures that are repayable after a specified period, either in lump sum or instalments, are called Redeemable Debentures.