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Related to Consolidated Stock: Consols

Perpetual Bond

A bond in which the issuer does not repay the principal. Rather, a perpetual bond pays the bondholder a fixed coupon as long as he/she holds it. Prices for perpetual bonds vary widely according to long-term interest rates. When interest rates rise, perpetual bonds fall and vice versa. Perpetual bonds are most common in the United Kingdom, where they were used originally to pay for the military.


abbrev. of consolidated stock; government BONDS that have an indefinite life rather than a specific maturity date. People acquire consols in order to buy a future nominal annual income without any expectation of repayment of the issue, though they can be bought and sold on the STOCK EXCHANGE. Because they are never redeemed by the government, the market value of consols can vary greatly in order to bring their EFFECTIVE INTEREST RATE in line with their NOMINAL INTEREST RATE. For example, £100 of consols with a nominal rate of interest of 5% would yield a return of £5 per year. If current market interest rates were 10%, then the market price of the consols would need to fall to £50 so that a buyer would earn an effective return on them of £5/£50 = 10%.
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This is accomplished through the personal Dashboard -- a set of interactive, activity-centric modules that enable users to track their net worth, monitor a personalized, consolidated stock portfolio, consolidate their emails, and much more.
Akiko owns 250,000 shares of Chief Consolidated stock and is entitled to require Korea Zinc to exercise up to 2.
Akiko currently holds 250,000 shares of Chief Consolidated stock which closed trading last Friday on the NASDAQ exchange at US$12.
Korea Zinc receives 500,000 private placement shares of Chief Consolidated stock for its initial US$2 million investment, and will invest US$1 million in Akiko Gold upon execution of the joint venture agreement.
And on June 10, 1914, Mr Field handed over the cottages, a trust deed, land and PS350 in consolidated stocks, to The Skelmanthorpe Cottage Homes charity.

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