loan stock
noun[U]
ukusFINANCE
stocksandsharesthat acompanysellstoinvestorsfor anagreedperiodinordertoraisemoneyfrom thefixedinterestratesof theloan:
Thecompanydisclosedit could notbuybackloanstockasplannedbecause atentativebidapproachhad been made.
See also
convertible loan stock