Why are irredeemable debentures also known as perpetual debentures?

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Nidhi Agarwal

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Irredemable debentures are those debentures isuued by the company which are not supposed to be redeemed (that is- paid back) during the lifetime of that company. They will be repaid only in the event of liquidation (wind up) of the company. That is why they are also called perpetual debentures. (Perpetual...
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Irredemable debentures are those debentures isuued by the company which are not supposed to be redeemed (that is- paid back) during the lifetime of that company. They will be repaid only in the event of liquidation (wind up) of the company. That is why they are also called perpetual debentures. (Perpetual means which goes on) read less
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