Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'perpetual bond'?

A. bond issued specifically to fund climate or environmental projects
B. bond that may be traded on an exchange
C. bond that has no maturity date, i.e., one that pays interest in perpetuity
D. bond issued by a company in order to raise financing

Answer: bond that has no maturity date, i.e., one that pays interest in perpetuity