annuity bond

A bond that lacks a maturity date and that perpetually pays interest.

— Also termed consol; perpetual bond; continued bond; irredeemable bond. [Cases: Annuities 1. C.J.S. Annuities §§ 2–4, 6–9, 21.]

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词条贡献者

法律翻译Frank，毕业于英国一流的高级翻译学院，专注翻译各类与娱乐、体育及媒体有关的法律文件。