A bond which attracts interest but leaves the capital repaid is referred to as
-
A.
A redeemable bond -
B.
An irredeemable bond -
C.
A development bond -
D.
A long-term loan
Correct Answer: Option B
Explanation
The bond is per petrol, which is until death. The issuing authority or entity pays a specific interest rate periodically but provides no data on when the principal will be returned.