Put provision

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Put provision

Gives the holder of a floating-rate bond the right to redeem the note at par on the coupon payment date.

Put Provision

A provision in some floating-rate bonds allowing a bondholder to redeem the bond at par on the date coupons are paid. This allows the bondholder to reinvest at a more favorable interest rate when the coupon rate changes on the floating-rate bond.
References in classic literature ?
Having fitted my mast and sail, and tried the boat, I found she would sail very well; then I made little lockers or boxes at each end of my boat, to put provisions, necessaries, ammunition, &c.
Depaul has put provisions in place to keep one-night accommodation open 24 hours a day during the severe weather forecast for this week.
However, you must put provisions in the contract whereby a process is introduced with hold points, sign-offs, and approvals that dictate the materials, brand, and finishes that are to be used.
We need to be conscious when we put in the new agreement between the Lions and SANZAAR that they put provisions in place and when we need to start negotiating with home unions and clubs about some adequate preparations.
Republicans in Congress later put provisions in must-pass budget bills that limited the U.
750% Senior Secured Notes have committed to consent to a waiver of the change in control put provisions of such notes, which will allow them to remain outstanding after the transaction.
They fail to put provisions in their agreements that really hold the licensee's feet to the fire.
But he did point out that both chambers had put provisions in the legislation that would allow schools to give optional diagnostic tests to students in algebra II and English III.
8220;It is really important that organisations put provisions in place to help their staff deal with workplace stress,” she adds.
He said: "It gives many people who have been upset and outraged by revelations of child abuse of the past an opportunity to do something positive, to put provisions in our constitution to try and ensure we provide better protection for children.
According NC leader Dr Narayan Khadka, they suggested to the government not to put provisions to indiscriminately distribute funds in the name of conflict victims and cooperatives.
The government must act now and put provisions in place to support the workers and both sectors need to work together to make sure the skills available are used to their full advantage.