undated security
noun [ C ]
ukusa bond, etc. that pays interest but that will never be redeemed (= exchanged for cash):
The market for these undated securities was battered, with losses estimated at $400 million.
单词 | undated security |
释义 | undated security noun [ C ] ukusa bond, etc. that pays interest but that will never be redeemed (= exchanged for cash): The market for these undated securities was battered, with losses estimated at $400 million. |
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