单词 | perpetual debenture |
释义 | perpetual debenture perpetual debenture(perpetual bond)1. A bond or debenture that can never be redeemed, i.e. the issuer has neither the right nor the obligation to repay the principal. Usually interest is paid at a constant rate, or at a fixed margin over a benchmark rate. Seeirredeemable securities. perpetual FRN A floating-rate note that is never redeemed. See alsoflip-flop FRN. |
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