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