DEATH PUT
An optional feature for redemption that allows the beneficiary of the state of the deceased to put the bond on sale if the beneficiary is dead. Also known as a "survivor's option". The death put may be redeemed at par value, and then all proceeds are deposited into the estate. Should interest rates increase substantially, the put may earn a large profit for beneficiaries of the estate.
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Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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