| 单词 | embedded option |
| 释义 | embedded optionDefinition Provision in an agreement that gives a party the right to take a specific action against the other under specified conditions. A 'callable bond,' for example, carries the embedded option on the basis of which its issuer can redeem the bond before its stated maturity date. A 'putable bond,' similarly, carries the embedded option on the basis of which its holder can demand early redemption. Also called embeddo. |
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