A bond can be defined as a debt investment, wherein money is loaned by an investor to a corporate or government entity, which borrows the funds for a specified time-frame at a variable or fixed interest rate. Companies, Municipalities, States and Sovereign Governments use the bond route to raise money and finance several projects and activities. Bond owners are debt holders or creditors of the issue.
An investment avenue in which an investor loans money to an entity (government or corporate) that borrows funds for a defined period of time at a fixed interest rate. Bond market has not attracted retail investors to it. But in recent times, lackluster equity markets and low rate of interest have attracted retail investors towards bonds issued by corporate.
perpetual bond is a financial instrument with no maturity date. For the issuer of these bonds, these become quasi equity, something that they need not repay as there is no maturity date. The investor or the bond holder will get a fixed interest every year. Since the bonds have no maturity, the investor has to exit through secondary debt market in case of need.