Put Feature

Definition

Put Feature. A redemption provision giving the holder the right, but not the obligation, to sell a specified amount of the debt instrument (i.e., redeem it), prior to maturity

Synonyms

• Put Provision

Issues and Challenges

FIBIM has term "Putable Date" which (by implication, and comparing with definition for "Next Call Date") is presumably a single calendar date in the future, at a given point in time. That does not cover the definition of formal terms defining when and how the issue may be put, which is what is modeled here.

See Also

• Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.