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consol
(redirected from Perpetual bond)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
con·sol  (knsl, kn-sl)
n. Chiefly British
A government bond in Great Britain, originally issued in 1751, that pays perpetual interest and has no date of maturity. Often used in the plural. Also called bank annuity.
[Short for Consolidated Annuity.]
A long-range radio aid to navigation, the emissions of which, by means of their radio frequency modulation characteristics, enable bearings to be determined.
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Under Tier I, banks can raise capital as equity and innovative instruments like perpetual non-cumulative preference shares and perpetual bonds.
Cabinet infuses Rs 3,800 cr in three banks to raise capital adequacy by Asian News International
These include fixed rate bonds, where the interest remains constant throughout the life of the bond; floating rate, where the interest is linked to a stock market index; inflation-linked bonds, and perpetual bonds, which have no maturity date.
Bonds may be the safer option by Gulf News (United Arab Emirates)
Perpetual bonds are non-redeemable, which means they do not have a maturity date but pay interest to the holder forever--truly long term.
Mexican might: with inflation low and the economy stable, Mexican ... by Jones, Forrest / Latin Trade
 
 
 
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