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irredeemable stock

From Longman Business Dictionaryirredeemable stockirreˈdeemable ˌstock (also undated stock) [countable, uncountable]FINANCE government bonds with no MATURITY DATE (=date when they will be bought back from lenders by the government)These government stocks with no final maturity are a historical survival and no new irredeemable stocks have been issued for many years. stock
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