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Whipsaw Glossary

Currently viewing the definition of: Putable Bond
 
 
 A standard bond whereby the owner has the right to sell it back to the issuer at face value at pre-determined dates during the life of the bond.  
 


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    • Normal Market Size
      The normal market size indicates the level at which shares can be bought or sold at the bid / offer prices quoted. For orders higher than the normal market size, the market maker need not trade at these prices.