Distinguish between Redeemable debentures and irredeemable debentures.

Redeemable debentures
• These are debentures which are redeemable within a specified duration.
• The redemption must be effected in accordance with its provision i.e. payment of principal and interest.

Irredeemable debentures:
These are debentures that are only redeemable in the event of winding up or some serious default the company.

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