What is PERPETUAL DEBT?

A bond with no maturity date. Investors receive coupons but the principal is never paid. Refer to undated security, console, irredeemable bond, and perpetual floating rate note.

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Related Legal Terms
PERPETUAL FLOATING RATE NOTE (FRN), SUBORDINATED PERPETUAL DEBT, PERPETUAL, PERPETUAL ANNUITY, ACCRUAL BOND, LONG TERM DEBT, FLOATING RATE NOTE (FRN), PERPETUAL INVENTORY METHOD (PIM), EQUITY LINKED DEBT-SECURITY, STATUTE PERPETUAL


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