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Why are irredeemable debentures also known as perpetual debentures?

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The debentures which are not repayable during the life time of the company is called perpetual debentures. These are repaid only at the time of liquidation. It is defined as the bond with no maturity date. It is treated as the equity and not as the debt.
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Redeemable debentures are also known as Perpetual Debentures because the company does not given any undertaking for the repayment of money borrowed by issuing such debentures. These debentures are repayable on the on winding-up of a company or on the expiry of a long period.
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Redeemable debentures are also known as Perpetual Debentures because the company does not given any undertaking for the repayment of money borrowed by issuing such debentures. These debentures are repayable on the on winding-up of a company or on the expiry of a long period.

 
 
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