annuity bond
annuity bond A bond that lacks a maturity date and that perpetually pays interest. ¡ª Also termed consol; perpetual bond; continued bond; irredeemable bond. [Cases: Annuities 1. C.J.S. Annuities ¡ì¡ì 2¨C4, 6¨C9, 21.] What is the Chinese interpretation of annuity bond?