B
Borrower's Option- Lender's Option (BO-L...
B
Borrower's Option- Lender's Option (BO-LO)
A debt instrument with
embedded options
giving the
issuer
(borrower) the
right
to change the
coupon
and the investor (lender) the right to put the instrument to the issuer if the new rate is not acceptable. Compare to
Retractable Note
.
Glossary
*
B