What Is The Advantage Of Irredeemable Debenture?

An Irredeemable Debenture is a normally a bond issued by the government that has no date of maturity. It provides interest but can never be redeemed at its full value. It is payable when the company is closed or wound up. The only benefit of this kind of Debenture is that the money is safe with the government and the whole amount of the debenture is paid bank once the company

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