Definition of Exchequer bond

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TeachMeFinance.com - explain Exchequer bond




historic definition...

Exchequer bond -- A security issued by the British government representing a part of the unfunded debt ; it is of a more permanent character than a Treasury bill inasmuch as it runs for a longer period. Principal and interest are paid out of the consolidated fund.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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