What is PUTABLE BOND?

A bond with put options that allows the investor to sell it back at a predeteremined price. The seller gets a coupon for this. The investor can reinvest in more favorable alternates. This is comperable to a nonputable bond in the short position with the s

More On This Topic



Link to This Definition
Did you find this definition of PUTABLE BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary