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.'

 

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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.'

Positive Covenant (Of A Bond): A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.

Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.

Polar Covalent Bond: A covalent bond in which atoms share electrons in an unequal fashion. The resulting molecule has regions with positive and negative charges. The presence of polar covalent bonds allows other . . . View Full Definition

Preamp Output: Typically found on headunits, a preamp output provides low level, high quality audio signal for use with external amplifiers.

Precompute: Method of charging interest in which the annual interest is either deducted from the face amount of the loan when the funds are distributed or is added to the total amount and divided into t . . . View Full Definition

Prior-Lien Bond: A bond usually arising from reorganization with precedence over another bond of the same issuing company that is equally secured.

Prerefunded Bond: Refunded bond.

Premium Bond: A bond that is selling for more than its par value.

Polar Bond: A bond involving electrons that are unequally shared. Polar bonds can be thought of as intermediate between the extremes represented by covalent bonds and ionic bonds.