Lucky bhaskar with honesty??
- 314
- 2
-
- Last Comment
A forever bond that never matures, yet earns interest
Most bonds mature eventually and are redeemed after periods of months, years, or even decades. And then there are so-called perpetual bonds.
On Dec. 10, 1624, a Dutch water authority called Hoogheemraadschap Lekdijk Bovendams sold a bond for 1,200 Carolus guilders to a woman in Amsterdam, promising to pay 2.5% interest in perpetuity.
Source:
1 Comment
|
2 Dimers
- Sort By
Click here to reply
"Low" interest for a "developed" nation's citizen??