Death Put

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.
Nicklas Bendtner's penalty at the death put the result beyond doubt.
The death put let the manager, as the joint account's survivor, redeem the investments from issuers for the full principal amount before maturity upon the death of a joint tenant.
The impetus for Samaritan House came around the time Chicago Cardinal Joseph Bernardin's death put a spotlight on the church's pro-life stance at the end of life.
More than a year after Sandra Bland's death put this little Texas town in the national spotlight, Democrats here hope to put it back there by electing the area's first black sheriff.
Sir Terry Pratchett's March 2015 death put a period on a life filled not only with the production of fantasy fiction, but also with dedication to raising awareness about dementia, an affliction from which he suffered.
He also ruled out all other possible causes for death put to him by the coroner, such as the temperature of the room at the time.
Then Ford's effort at the death put the result in the hands of Palfrey, who sliced the conversion wide.
Not only as a good journalist but a true friend as well, Anthony Shadid's death put me in sorrow.
DAREDEVIL crash survivor Jim Martin hasn't let his scrapes with death put him off the job he loves - training pilots to fly safely.