Consol

A type of bond that has an infinite life but is not issued in the U.S. capital markets.

Similar financial terms

Limitation on merger, consolidation, or sale
A bond covenant that restricts in some way a firm's ability to merge or consolidate with another firm.

Consolidation
The combining of two or more firms to form an entirely new entity.

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Bearer bond

Bonds that are not registered on the books of the issuer. Such bonds are held in physical form by the owner, who receives interest payments by physically detaching coupons from the bond certificate and delivering them agent.to the paying


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