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.]
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.]
A bond bearing no interest. See passive debt under DEBT. [Cases: Bonds 63. C.J.S. Bonds § 52.]
The interest that accrues on a discounted investment instrument (such as a government bond) as it matures. • The investor receives the interest when the instrument is redeemed. [Cases: United States 91. C.J.S. United States §§ 164, 167.]
A bond sold at its current market value, which is less than its face value. — Also termed non-interest-bearing bond.
A bond that pays tax-free interest. [Cases: Internal Revenue 3132.10; Taxation 992. C.J.S. Internal Revenue §§ 94, 98; Taxation § 1723.]
A bond with attached interest coupons that the holder may present to receive interest payments. See BOND COUPON.
A bond issued by a lessee and secured by the lessee’s leasehold interest.
leasehold mortgage bond Read More »
A bond that entitles the holder to a share of corporate profits but does not have a fixed interest rate.
participating bond Read More »
An order drawn by a corporation on its bank directing the bank to pay interest to a bondholder.