What is the definition of Perpetual debt? | Dictionary.net

PERPETUAL DEBT

\pəpˈɛt͡ʃuːə͡l dˈɛt], \pəpˈɛt‍ʃuːə‍l dˈɛt], \p_ə_p_ˈɛ_tʃ_uː_əl d_ˈɛ_t]\

Definitions of PERPETUAL DEBT

1910 - Black's Law Dictionary (2nd edition)

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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.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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