Put provision

Put provision

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

Put Provision

A provision in some floating-rate bonds allowing a bondholder to redeem the bond at par on the date coupons are paid. This allows the bondholder to reinvest at a more favorable interest rate when the coupon rate changes on the floating-rate bond.
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The Weil team successfully argued that the SROs decision requiring the parent to place the student in what she believed to be an inappropriate school in order to challenge that placement was antithetical to the IDEA and its stay put provision, which allows students to remain at their current school while the placement challenge is pending.
Nowadays if you want to put provision in place for long-term care should it be needed in the future, you also need to think carefully about how that care will be funded.
The report said that 59 per cent of people who had put provision in place for funeral costs cited savings or investments as the source.
BT has already put provision of broadband access to homes at the heart of BT's new focus, and has more than halved the wholesale price for fast Internet connections.
The plan encompassed several phases, the first being the replacement of convertible debentures, which addressed a put provision that would have been exercisable in September 2010.
2 million, is expected to close no later than July 30, 2010, with proceeds used either to repay any portion of YRCW's 5% contingent convertible senior notes that may be put back to the company later this year, or, if the company is successful in removing the put provision from the indenture covering the 5% contingent convertible notes, proceeds from the second tranche of convertible notes will be used for general corporate purposes.
Features supporting the equity categorization of these debentures include their junior subordinate priority, the option to defer interest payments on a cumulative basis for up to 10 years on each occasion, a 60-year maturity without an investor put provision and a replacement capital covenant.
Fitch views the credit risk to the portfolio as being mitigated by the small size of the holding and the availability of a put provision with a seven-day notice.
Key features supporting the equity credit class of the notes include the junior subordinated ranking, 5-year deferral period, and a long maturity with no put provision.
The investment in Seadrift includes minority rights consisting of one out of five Board seats and a put provision, whereby GrafTech can exercise its right to sell its stake in Seadrift for fair market value, exercisable beginning in May 2011.
The ACMI agreement with DHL includes a put provision that gives ABX Air the option to retain or to sell back to DHL the aircraft removed from the DHL network, at the lower of book or fair market value.
The ACMI agreement with DHL includes a put provision that gives ABX Air the option to retain or to sell back to DHL any aircraft removed from DHL's network, at the lower of book or fair market value.