Adjustment bonds . Bonds issued in exchange for outstanding bonds when re-capitalizing nearly bankrupt companies. Similar to income bonds because companies may delay interest payments. Annuity bonds . Bonds with no maturity dates.
Annuity bonds make steady interest payments.
Also known as perpetual bonds. Assessable stock . Bonds with principal and interest payable to whoever holds the certificates. Stock controlled by whomever holds the stock. Extremely rare among North American certificates.