LYON


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LYON

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.
References in periodicals archive ?
Lyon Metropolis' residents have an above-average standard of living, with average taxable income per household of EUR28,543 in 2015 compared with EUR26,163 at the national level.
LYON'S MADE GLORY The jubilant Lyon team celebrate yesterday
Seeing that the woman's husband was ill, Lyon offered to take her bags and when she refused he grabbed hold of them.
The Ambassador also thanked the Franco Pakistan Association for their valuable assistance in setting up of Pakistani Pavilion in Multicultural village of Lyon during his three days stay in Lyon.
While The Family of Man presented a decontextualized, emphatically ahistorical humanism, Lyon demonstrated that history is, in fact, always brutally present particularly for black bodies.
"He savored life in a way that infected anyone around him," Lyon College President Donald Weatherman said in a statement.
Dubai's flagship airline is the only carrier that offers a direct service between Lyon and the Gulf.
Jones further said that he believes that Lyon will have a good series this time as he has the necessary skills to be one of the 'big dogs' in the team.
Anybody coming to this traditional restaurant in Lyon's historic old town will be disappointed if they are looking for vegetarian options -- or even vegetables.
Lyon is the largest city in the Rhone-Alpes region and lies in a strategic location in the natural plain of the Rhone Valley.