ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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PUTABLE BOND Definition
PUTABLE BOND is a bond that contains a provision that allows the holder, or investor, a put option to tender the bond prior to maturity, generally at par. Normally a holding period, often several years, must occur before the put option may be exercised. However, the holder has flexibility, in the event interest rates go up, to tender this bond long before its normal maturity.
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MULTINATIONAL is involving or operating in several nations or nationalities (Example: Multinational corporations).
GRANTEE is the person or entity to whom property or assets are transferred.