PUTABLE BOND Definition

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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.

Learn new Accounting Terms

CONSUMMATE is to bring to completion or fruition; conclude, e.g., consummate a business transaction.

DEFENSE INTERVAL see BASIC DEFENSE INTERVAL.

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