LIONS


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Related to LIONS: Lions Club

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 ?
Then the Doctor was very happy; for all the lions and the leopards and the antelopes and the giraffes and the zebras--all the animals of the forests and the mountains and the plains --came to help him in his work.
Although the lion looked very terrible, the Doctor tried hard not to seem afraid of him.
Immediately he was rewarded by the sound of a movement within the cave and an instant later a wild-eyed, haggard lion rushed forth ready to face the devil himself were he edible.
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.
He of the green gaban would have offered resistance, but he found himself ill-matched as to arms, and did not think it prudent to come to blows with a madman, for such Don Quixote now showed himself to be in every respect; and the latter, renewing his commands to the keeper and repeating his threats, gave warning to the gentleman to spur his mare, Sancho his Dapple, and the carter his mules, all striving to get away from the cart as far as they could before the lions broke loose.
On foot, alone, undaunted, high-souled, with but a simple sword, and that no trenchant blade of the Perrillo brand, a shield, but no bright polished steel one, there stoodst thou, biding and awaiting the two fiercest lions that Africa's forests ever bred
The lion stood with wide, round eyes awaiting the attack, ready to rear upon his hind feet and receive this rash creature with blows that could crush the skull of a buffalo.
Just in front of the lion the boy placed the butt of his spear upon the ground, gave a mighty spring, and, before the bewildered beast could guess the trick that had been played upon him, sailed over the lion's head into the rending embrace of the thorn tree--safe but lacerated.
That's why he went over so easily," remarked the Lion.
That's why he nearly blunted my claws," said the Lion.
But tell me, my brethren, what the child can do, which even the lion could not do?
A lion moaned and coughed as it strode through the jungle toward water.