death put
An optional feature attached to a debt instrument that gives a beneficiary the right (but not the obligation) to sell it back to the issuer in the event the debt holder passes away. If the interest rates fluctuate in this time, the issuing company may still be able to buy it back at par value, resulting in possible gains for the beneficiary.
Popular 'Lending & Credit' Terms
Related Personal Finance Articles
Loading...
death put in the news
Loading...







