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The debentures whose principal amount is not repayable by the company during its life time, but the payment is made only at the time of Liquidation of the company, such debentures are called :
Bearer Debentures
Redeemable Debentures
Irredeemable Debentures
Non-Convertible Debentures
Irredeemable Debentures: are those debentures that are not repayable during the lifetime of a company and hence repaid only when company is liquidated
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