Death Put

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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.
More often than not the ill-treatment of the animal will continue till death puts it out of its misery.
I guess the job has become so dull for her these days that coming close to death puts a bit of life back into her.
Also in this week's episode, Sherlock and Joan's investigation of Shinwell's death puts them in the crosshairs of SBK, the crime-solving duo's primary suspect in the murder case.
My response is that death puts a hole in our hearts.
But Allardyce says Gartside's death puts such things into perspective.
Go on with comas until the Angel of Death puts an end to it.
TNT) News of a family death puts a dark cloud over Southfork.
Some observers believe that the driver's death puts closure to the case - an oversimplification to most of us.
That said, the real-life circumstances surrounding Walker's death puts Universal in the precarious position of continuing to promote a movie series that centers on the dangerous sport of street racing.
Mr McKenzie said: "His death puts a period to an era in the dance world.