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English definition of “loan stock”

loan stock

noun [U]
 
 
FINANCE stocks and shares that a company sells to investors for an agreed period in order to raise money from the fixed interest rates of the loan: The company disclosed it could not buy back loan stock as planned because a tentative bid approach had been made.
→ See also convertible loan stock
(Definition of loan stock from the Cambridge Business English Dictionary © Cambridge University Press)
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