Perpetual debentures are also known as ........

Principles of Accounting & Financial Management Share capital and debentures

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Perpetual debentures are also known as

Irredeemable debentures

Secured Debentures

Unsecured Debentures

None of the options

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Explanation:

In simple terms, an irredeemable debenture is an agreement made between the lender and the borrower, usually with a favourable interest rate. In the case of a company becoming insolvent, the debenture ensures that the lender is first to receive their funds.