Death Put

Death Put

A provision in some indentures giving the survivors of a bondholder the right, but not the obligation, to sell a bond back to its issuer at the bondholder's death or legal incapacitation. The bond is sold at is face value and the proceeds are deposited into the estate of the bondholder. If interest rates are declining, the survivors may be able to make a great deal of profit.
References in classic literature ?
This was sixty long miles from the place where they had abandoned him; and it appeared that the wretched man had crawled that immense distance before death put an end to his miseries.
The result was that he came straight away in a state bordering on frenzy, and has remained in the same state, kneeling at the end of her bed, until this morning death put an end to her sufferings.
She was an old school friend and her death put a real financial strain on me because my bills doubled.
5 CRICKET WORLD CUP Bob Woolmer's death put the "Fredalo" incident in perspective.
Last night, Foreign Secretary David Milliband said that Britain had no reason to doubt the official cause of death put forward by Musharraf's government.
Bjorn's sudden death put life into perspective for grieving Kessler.
News of the highly-respected Woolmer's death put into perspective the earlier joy of bookmakers, who had been glad to see Pakistan go out of the competition.
But two Shane Geraghty tries against the run of play right at the death put the Exiles beyond reach.
As such his death put the band's future in serious doubt - Taka headed back to Japan, while Grant retreated to the studio.
Cormac's shocking death put the spotlight on Sudden Adult Cardiac Syndrome, and The Cormac Trust was set up in his name to raise awareness about heart conditions.
The report found seven in ten people wanted to see death put on the national curriculum to break down taboos, as people would be less frightened if the subject was talked about more.