The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PUTABLE BOND Definition & Legal Meaning

Definition & Citations:

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

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