LIONS

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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 ?
Umslopogaas alone stood up to face her, for he only had withdrawn his assegai from the carcass of the lion.
So he sent messages to the other animals, like the lions and the leopards and the antelopes, to come and help with the nursing.
The lion has the door open; he is free to come out or not to come out; but as he has not come out so far, he will not come out to-day.
The boy, with his pitifully inadequate spear ready in his hand, realized quickly that this lion was different from the others he had met; but he had gone too far now to retreat.
I know it," said the Lion, hanging his head in shame.
Then up he sprang, and moved off, dragging the lion behind him.
At this speech from the terrible beast Aunt Em and Uncle Henry both were startled, and then Uncle Henry remembered that this must be the Lion they had seen in Ozma's Throne Room.
Just as the lion disappeared among the trees beyond the clearing Tarzan caught upon the down-coming wind the explanation of his new interest--the scent spoor of man was wafted strongly to the sensitive nostrils.
Moving slowly outward upon the two branches Tarzan swung Numa out so that he could not reach the bole of the tree with his raking talons, then he made the rope fast after drawing the lion clear of the ground, dropped his five pigskin sacks to earth and leaped down himself.
When a lion yawns in the thick of a fight, you know he ain't crazy.
And as I asked the question a lone, gaunt lion strode from the tangled jungle upon the far side of the clearing.
It was Pacco, the zebra, who came first, and Numa, the lion, could scarce restrain a roar of anger, for of all the plains people, none are more wary than Pacco, the zebra.