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.
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.