Business Studies

__________ debentures are those debentures that can be converted into equity shares after the expiry of a specified period.


ANSWER

Convertible


SOLUTION
Debentures are an important instrument to raise long term debt capital. They are issued by a company and bear a fixed rate of interest and the company promises to pay the debt at a future date. The debentures that can be converted into equity shares within a specified period of time are known as convertible debentures.
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Single Correct Medium Published on 18th 08, 2020
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