reset note

reset note definition - business

reset note

A debt security with terms that can be reset on one or more dates during the life of the note. At the time the terms are changed, the holder usually has the right to redeem the security.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.