The Law Dictionary

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

PUTABLE CONVERTIBLE BOND Definition & Legal Meaning

Definition & Citations:

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

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