Which of following is not a feature of Debentures?Answer choicesSelect only one optionREVISITVoting RightsFixed ReturnsFixed MaturityGenerally secured

Analysis of Debenture Features

1. Voting Rights

   • Debenture holders do not have voting rights in the company. This feature distinguishes debentures from equity shares, where shareholders possess voting power in corporate decisions.

2. Fixed Returns

   • Debentures typically provide fixed interest payments to holders, known as coupon payments. This characteristic is fundamental to their nature as debt instruments.

3. Fixed Maturity

   • Debentures have a fixed maturity date, meaning they are issued for a specific term after which the principal amount is repaid to the holders.

4. Generally Secured

   • While some debentures are secured by the assets of the company (secured debentures), others are unsecured. However, the term "generally secured" can imply that many debentures do come with some level of security.

Conclusion

The feature that is not characteristic of debentures is Voting Rights. Therefore, the correct answer is Voting Rights.