PUTABLE CONVERTIBLE BOND
\pjˈuːtəbə͡l kənvˈɜːtəbə͡l bˈɒnd], \pjˈuːtəbəl kənvˈɜːtəbəl bˈɒnd], \p_j_ˈuː_t_ə_b_əl k_ə_n_v_ˈɜː_t_ə_b_əl b_ˈɒ_n_d]\
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A bond with an option to sell it back at a premium on a specific date. The issurer has a lower coupon because of this. This can be done only once in the case of a single premium put. It can also be done multiple times on specific dates as a rolling premiu
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.
Nearby Words
- put-off
- put-put
- put-up
- put-upon
- putable bond
- PUTABLE CONVERTIBLE BOND
- putable swap
- putage
- putamen
- putamen hemorrhage
- putamen hemorrhages