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Glossary   >   P   >   "Put bond" Definition            Put bond A bond that the holder may choose either to exchange for par value at some date or to extend for a given number of years. If the price is above par, the put is a premium put. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Put bond - A bond that the holder may choose either to exchange for par value at some date or to extend for a given number of years. If the price is above par, the put is a premium put.