LIONS


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Related to LIONS: Lions Club

Liquid Yield Option Note

A convertible, callable, and putable zero-coupon bond. A LYON is a bond that is convertible to common stock and may be bought or sold as an option, but which does not pay interest. Because it pays no interest, it is issued at a considerable discount from par value of the bond. This guarantees a positive return to the investor, at least until such time as it becomes profitable for the investor to put the bond back to the issuing company for an amount over the issue price. Generally, the total return on a LYON is less than that of the company's common stock, assuming the company does well.

LIONS

An acronym for a packaging vehicle for investments that have had their coupons stripped. See also coupon stripping.
References in classic literature ?
So the Leader of the Lions went back to the Doctor and said, "I happened to be passing this way and thought I'd look in.
The carter got down and with all speed unyoked the mules, and the keeper called out at the top of his voice, "I call all here to witness that against my will and under compulsion I open the cages and let the lions loose, and that I warn this gentleman that he will be accountable for all the harm and mischief which these beasts may do, and for my salary and dues as well.
The feel of the long spear shaft in his hand and the sight of the tree beyond the lion gave the lad an idea--a preposterous idea--a ridiculous, forlorn hope of an idea; but there was no time now to weigh chances--there was but a single chance, and that was the thorn tree.
And came the time once more when the witch-doctor no longer doubted the outcome of the duel, yet his first judgment was reversed, for now he knew that the jungle god would slay Simba and the old black was even more terrified of his own impending fate at the hands of the victor than he had been by the sure and sudden death which the triumphant lion would have meted out to him.
He reached the scarred bole from which the famished lion had devoured the bark and even torn pieces of the wood itself and yet Numa had not appeared.
And Hannibal, the largest lion in captivity, with all his teeth, captured out of the jungle after he was full-grown, a veritable king of beasts, before the menacing broomstick in the hand of a sliver of a man, backed deeper and more crumpled together into the corner.
I asked, pointing through the archway into the Camp of the Lions.
The man who hated him attended every performance in the hope sometime of seeing that lion crunch down.
I know it," said the Lion, hanging his head in shame.
Then up he sprang, and moved off, dragging the lion behind him.
Aunt Em turned upon the Lion a determined countenance and a wild dilated eye.
NUMA, THE LION, crouched behind a thorn bush close beside the drinking pool where the river eddied just below the bend.