Irredeemable: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Source: ACT CFF exam April 2015.) |
(No difference)
|
Revision as of 15:22, 25 June 2015
A bond, preference share, or other security which pays periodic coupons or dividends in perpetuity, but never repays the principal.
Also known as 'perpetual'.