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Consol
(redirected from Perpetual bond)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
Consol [′kän‚sōl]
(navigation)
A radio navigation aid that provides a number of characteristic signal zones which rotate in a time sequence; a bearing may be determined by observation of the instant at which transition occurs from one zone to the following zone. Also known as Sonne.


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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.
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.
Perpetual bonds are non-redeemable, which means they do not have a maturity date but pay interest to the holder forever--truly long term.
 
 
 
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