Death Put

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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.
Go on with comas until the Angel of Death puts an end to it.
TNT) News of a family death puts a dark cloud over Southfork.
Mr McKenzie said: "His death puts a period to an era in the dance world.
LOSS Lager-than-life landlord Keith Crombie at the Jazz Cafe which he launched 20 years ago - his death puts its future in doubt
Prince Sultan's death puts the spotlight on an untested system of succession set up by King Abdullah in 2006 to ensure stability in the world's top oil exporter.
said Qadhafi's death puts an end to a "painful" chapter in Libya and called on
Amy's death puts her in the infamous "27 Club" of drink- and drug-troubled rock stars who all died at the same age.
A brush with death puts a sharp edge on a question that everyone asks: Why them and not somebody else?
Learning cause of death puts human-interference deaths in perspective," Wells says.
As they plan their escape, they are drawn to Krishna and the threat of imminent death puts them on a path of violence and betrayal.