Meaning of “irredeemable stock” in the English Dictionary

business-english dictionary

"irredeemable stock" in Business English

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irredeemable stocknoun [ U ]

uk us 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)