Put provision

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., into, to be kept dry, either from rain or the spray of the sea; and a little, long, hollow place I cut in the inside of the boat, where I could lay my gun, making a flap to hang down over it to keep it dry.
Change of Control Provision: The $300 million principal 4.000% notes due 2020 and the $300 million 4.375% notes due 2022 contain a change of control (CoC) put provision at 101%.
The Weil team successfully argued that the SROs decision requiring the parent to place the student in what she believed to be an inappropriate school in order to challenge that placement was antithetical to the IDEA and its stay put provision, which allows students to remain at their current school while the placement challenge is pending.
"Nowadays if you want to put provision in place for long-term care should it be needed in the future, you also need to think carefully about how that care will be funded."
The report said that 59 per cent of people who had put provision in place for funeral costs cited savings or investments as the source.
BT has already put provision of broadband access to homes at the heart of BT's new focus, and has more than halved the wholesale price for fast Internet connections.
It's a simple matter to put provisions in both the sale and purchase contracts to ensure you won't be caught with nowhere to live, or, on the other hand, stuck with two monthly payments.
Banks and companies usually put provisions in place for loans and credit lines in case of customer default.
With the threat of another idle weekend, club and league chiefs have put provisions in place to ensure that the Frew are in action.
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.