undated security

(redirected from Undated Securities)

Undated Security

A debt security with no maturity date. That is, an undated security pays interest in perpetuity. Undated securities are rare outside of a few government securities in the United Kingdom.

undated security

see IRREDEEMABLE FINANCIAL SECURITY.
References in periodicals archive ?
The X-CAPS are undated securities on which a fixed amount of interest is payable quarterly.