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

双语律师Virginia，国内知名法学院民商法专业，擅长翻译各类与公司与并购相关的法律文件。