These are the options for the Question: The debentures which are payable on the expiry of a specified period either in lump-sum or in instalments during the life time of the company are known as:
(A) Secured debentures
(B) Specific coupon rate debentures
(C) Redeemable debentures
(D) Convertible debentures
The correct option is: The answer is (C) Redeemable debentures. Redeemable debentures are those debentures that are issued for a specified period and are repayable on the expiry of that period. They can be paid either in lump sum or in instalments during the life time of the company.
