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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Put provision  

Definition 1.

Gives the holder of a floating-rate bond the right to redeem the note at par on the coupon payment date.
 

Definition 2.

A relatively uncommon feature of a bond that allows the holder to redeem the bond at par value on specific dates prior to maturity. An investor might exercise a put provision if interest rates have increased since the bond was issued.
 
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