Bond whose redemption is effected by an annual draw. In Germany, such a bond was first issued in 1919 in the amount of 5 billion marks. However, demand for these securities, developed by the talented mathematician Felix Bernstein (1878-1956), remained very low. – See baby bonds, lot bond.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
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