A provision in a bond or note that gives bondholders the option of redeeming the bond or note at its par value if certain events occur. Those events may include a restructuring that reduces the credit quality of the issue, a hostile takeover, or the payment of a large dividend.
poison put - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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