reset note

reset note

A debt security with terms that can be reset on one or more dates during the life of the note. At the time the terms are changed, the holder usually has the right to redeem the security.
References in periodicals archive ?
The deferred-cash-payment bond and the reset note were commonly used for these purposes.
875 per cent subordinated reset notes due 2023 (the "Notes") under its $7.
Remarketed reset notes--GE Capital issued $500 million of remarketed reset notes in late 1987.
CNI recently raised its cash repurchase offer on $125 million in 13% senior reset notes to 75% of face value, from 74.