undated security

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

undated security

see IRREDEEMABLE FINANCIAL SECURITY.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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