what does the following sentence mean? the bullet bond can not be converted, nor can it be put?
We limit the sample to fixed rate bullet bonds that are not callable, convertible, putable, or have sinking fund provisions.

Question

what does the following sentence mean? the bullet bond can not be converted, nor can it be put?
 We limit the sample to fixed rate bullet bonds that are not callable, convertible, putable, or have sinking fund provisions.

Answer

These are financial terms. A bullet bond is one that cannot be repaid, or called, before the maturity date. A put is the right to sell a security at a certain price. The statement indicates there would not be such a market. In other words, the bonds are not putable.

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