Make whole

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Revision as of 21:53, 14 January 2018 by imported>Doug Williamson (Link with Issuer page.)
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US - securities.

To make whole is the action of the issuer of security, on early redemption, of calculating and paying a redemption value calculated at the US government bond yield.

The presence of a make whole clause, under which it is mandatory for an issuer to make whole in this way, potentially makes it prohibitively expensive for the issuer to take an early redemption.


See also