The debentures of which the payment is not made until the winding up of company. Answer in a word / phrase / term.
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The debentures of which the payment is not made until the winding up of company.
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Iredeemable Debentures.
The debentures of which the payment is not made until the winding up of company.
ANSWER ⏬⏬⏬
Iredeemable Debentures.
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The debentures in which the payment is not made until the winding up of company is referred to as irredeemable debentures.
* Alternatively, it is also known as perpetual debentures.
* Even at the end of a certain period, these debentures are not payable.
* It is different from redeemable debentures in which the company has an obligation to pay back the money within a certain period of time.
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