Which of the following attracts only interest but leaves the capital unpaid
-
A.
a long-term loan -
B.
a development bond -
C.
a redeemable bond -
D.
an irredeemable bond
Correct Answer: Option D
Explanation
Irredeemable bond; a government bond which has no date of maturity and which therefore provides interest but can never be redeemed at full value.