retractable bonds
retractable bonds
Finance dictionary of financial terms
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Economics and finance
Definition of retractable bonds
retractable bonds: Bonds that give the bondholder the option to sell the bond back to the issuing company at par ($1,000) either on a specific date, and every 1 to 5 years thereafter, or if the firm is acquired, acquires another company, or issues a large amount of additional debt. Usually carries a lower yield than non-retractable debt of the same quality. See Table 6.4.
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link: http://foba.lakeheadu.ca/
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Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of retractable bonds
Meaning of retractable bonds
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