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What does put/puttable mean?

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    Benton Li
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Put is like sell. Its twin antonym is call, which is like buy.

You might’ve heard of things like put options, and puttable bonds.

When you exercise a put option. You are basically selling the specified assets.

When a bond is puttable, it means the holder can sell (put) their bond back to the bond issuer under certain conditions. By saying selling, I mean giving the bond back to the issuer in exchange for an early repayment.