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Callable (See Chapter 21 of the Vernimmen)
"Puttable" describes a characteristic of a financial instrument (such as a bond) which allows its holder (the investor) to be reimbursed early before the final maturity, on a specified date or during a specified period of time, and at a specified Redemption price. The opposite of Puttable is callable.
Callable (See Chapter 21 of the Vernimmen)
"Puttable" describes a characteristic of a financial instrument (such as a bond) which allows its holder (the investor) to be reimbursed early before the final maturity, on a specified date or during a specified period of time, and at a specified Redemption price. The opposite of Puttable is callable.
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