The Debentures that are payable on the expiry of the specific period either in lumpsum or in instalments during life time of the company are called:
Show Hint
- Secured Debentures
- Redeemable Debentures
- Perpetual Debentures
- Specific Coupon Rate Debentures
The Correct Option is B
Solution and Explanation
Redeemable Debentures are repayable at the end of a fixed period or in installments during the company's lifetime.
Perpetual Debentures have no fixed maturity and are not repayable.
Secured Debentures are backed by assets but may be redeemable or perpetual.
Specific Coupon Rate Debentures refer to the interest rate, not repayment terms.
Step 2: Conclusion
Therefore, debentures payable after a specific period or in installments are Redeemable Debentures.
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