Perpetual Annuity (Consol), sometimes referred to as Perpetuity, is a debt security. It is a form of bond that has no maturity (maturity is infinite). Yield in this type of bond are coupons that are paid regularly.
Consol is a British government bond, which has been traded since 18th century. It is one of the rare examples of perpetual bond.
Perpetuity in practice: A bond can be used by the issuer to obtain additional funds. On the contrary, it can be used as a financial investment, if we want to evaluate the available financial resources. Still existing consols are an example of perpetual annuity issued at the time of the Napoleonic wars.
Related terms and methods:
Related management field:
Related sector:
Related profession:
Comments
You cannot contribute to the discussion because it is locked