One Word Answer
Write one word/term/phrase which can substitute the following
The debentures of which payment is made on the expiry of specific period.
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Solution
Redeemable debentures
Explanation: The debentures that are 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 period.
Concept: Meaning and Concept of Debentures
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