Many putable bonds possess a call deferment period which is a specified period of time after the issue during which the bonds cannot be called.

Name: Many putable bonds possess a call deferment period which is a specified period of time after the issue during which the bonds cannot be called.
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Putable bonds give the bondholder the right to sell the bond back to the issuer before maturity, while callable bonds have a call deferment period where the issuer cannot call the bond.

Many Putable Bonds Possess a Call Deferment Period Which Is