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Finance Dictionary and Glossary of Investment Terms
Put provision
Definition 1.
Gives the holder of a floating-rate bond the right to redeem the note at par on the coupon payment date.
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Definition 2.
A relatively uncommon feature of a bond that allows the holder to redeem the bond at par value on specific dates prior to maturity. An investor might exercise a put provision if interest rates have increased since the bond was issued.
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