JAMB - Commerce (2015 - No. 41)
A bond which attracts interest but leaves the capital repaid is referred to as
A redeemable bond
An irredeemable bond
A development bond
A long-term loan
Explanation
The bond is per petrol, which is until death. The issuing authority or entity pays a specific interest rate periodically but provides no data on when the principal will be returned.
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