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English definition of “irredeemable stock”

irredeemable stock

noun [U]
 
 
(also undated stock) FINANCE
bonds where interest is paid to lenders, but the principal (= original amount borrowed) will not be paid back: If interest rates and inflation are high and likely to fall, then irredeemable stock should be reasonably safe.
(Definition of irredeemable stock from the Cambridge Business English Dictionary © Cambridge University Press)
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