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Extendable
A security which gives the issuer the option to extend the maturity date and/or reset the coupon at designated times. These securities can have a put feature that would allow the investor to require the issuer to repurchase the security at a specified price.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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