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Revision as of 14:19, 23 October 2012
1. A provision in a debt security which allows the issuer or the holder to exercise an option - this is generally a call option (issuer) or a put option (holder). The option is generally linked to specific dates and may be subject to other conditions.
2. A provision in a debt security which links payments on the security to pre-specified changes in an underlying security, currency, index or commodity.
See also