| 单词 | PERMANENT INTEREST BEARING SHARE |
| 释义 | Tradable on the London Stock Exchange, a PIBS is a non redeemable security given on fixed interest, and issued by some of the top building societies of the UK. A fixed income is paid twice per annum, forever. However, since they are nonredeemable securities, their liquidity is much lesser than standard, gilt edged securities. |
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