Putable bond
Putable bond is a bond with a provision that allows investors to sell them back to the company prior to maturity at a prearranged price.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Putable bonds. Bonds with a provision that allows investors to sell them back to the company prior to maturity at a prearranged price.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
