Its full definition is actually a little more technical ... eroding the value of the bond. Economic price increases, known as inflation, cause the value of the bonds to deteriorate.

A callable bond may be redeemed by its issuer before it reaches maturity. Bonds are essentially loans from investors to companies or governments that must be paid back with interest. The issuer of ...

Perpetual bonds have no maturity date, allowing them to pay interest indefinitely, making them appealing for long-term income ...