C
   
   Convertible Bond With a Premium Put
   















 

C

Convertible Bond With a Premium Put

A convertible bond issued at nominal or face value with an embedded put which entitles the bond holder to redeem the bond for more than its face value beginning at some future date. The put would be exercised only if the underlying equity had failed to appreciate by enough to make the bond worth more alive than dead. See also Liquid Yield Option Note (LYON).

Glossary * C