Bonds that can be redeemed at par at the option of their holders either on a specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired, acquiring another company, or issuing a large amount of additional debt are called

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Bonds that can be redeemed at par at the option of their holders either on a specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired, acquiring another company, or issuing a large amount of additional debt are known as putable bonds.

Bonds That Can Be Redeemed at Par at the Option