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Finance Dictionary and Glossary of Investment Terms
Put bond
Definition 1.
A bond that the holder may choose either to exchange for par value at some date or to extend for a given number of years. If the price is above par, the put is a "premium put."
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Definition 2.
Uncommon type of bond which allows the bondholder to redeem the bond at a specified price prior to maturity. Investors might choose to do this if interest rates increase after the bond was issued. The bond will restrict the dates when this can be done.
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Definition 3.
A bond that allows the holder to force the issuer to repurchase the security at specified dates before maturity. The repurchase price is set at the time of issue, and is usually par value.
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