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"Puttable upon death" refers to a financial instrument, such as a bond or a security, that can be redeemed or sold back to the issuer upon the death of the holder. This feature allows the holder's beneficiaries to receive the value of the investment upon the holder's passing.
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What happens to a CD puttable upon death of the holder?
When a CD is puttable upon the death of the holder, it means that the beneficiary or estate of the deceased holder has the option to redeem the CD early without penalty.
What is puttable upon the death of the holder?
A puttable security is a financial instrument that can be sold back to the issuer at a predetermined price upon the death of the holder.
What does "puttable upon death of holder" mean in terms of financial investments or assets?
"Puttable upon death of holder" means that the investment or asset can be sold back to the issuer or another party upon the death of the holder. This feature allows the holder's beneficiaries to liquidate the investment quickly and easily after the holder passes away.
What does "puttable on death of holder" mean in terms of financial investments?
"Puttable on death of holder" means that the investment can be sold back to the issuer at a predetermined price upon the death of the investor. This feature provides a way for the investor's heirs to easily liquidate the investment after the investor passes away.
What is a puttable upon death of holder CD and how does it work?
A puttable upon death of holder CD is a type of certificate of deposit that allows the holder to redeem the CD for its full value upon their death. This means that if the holder passes away before the CD matures, their beneficiaries can cash out the CD without any penalties. This feature provides added flexibility and security for the holder and their loved ones.
What happens to a CD puttable upon death of the holder?
When a CD is puttable upon the death of the holder, it means that the beneficiary or estate of the deceased holder has the option to redeem the CD early without penalty.
What is puttable upon the death of the holder?
A puttable security is a financial instrument that can be sold back to the issuer at a predetermined price upon the death of the holder.
What does "puttable upon death of holder" mean in terms of financial investments or assets?
"Puttable upon death of holder" means that the investment or asset can be sold back to the issuer or another party upon the death of the holder. This feature allows the holder's beneficiaries to liquidate the investment quickly and easily after the holder passes away.
What does "puttable on death of holder" mean in terms of financial investments?
"Puttable on death of holder" means that the investment can be sold back to the issuer at a predetermined price upon the death of the investor. This feature provides a way for the investor's heirs to easily liquidate the investment after the investor passes away.
What is a puttable upon death of holder CD and how does it work?
A puttable upon death of holder CD is a type of certificate of deposit that allows the holder to redeem the CD for its full value upon their death. This means that if the holder passes away before the CD matures, their beneficiaries can cash out the CD without any penalties. This feature provides added flexibility and security for the holder and their loved ones.
What happens to the puttable upon death of holder feature in a financial instrument?
When the holder of a financial instrument with a puttable feature dies, the ability to sell back the instrument at a predetermined price is typically transferred to their estate or beneficiaries.
What is the process for exercising the puttable option upon the death of the holder?
When the holder of a puttable option dies, the process for exercising the option typically involves the executor of the deceased holder's estate contacting the financial institution or broker where the option is held. The executor will provide the necessary documentation, such as a death certificate and proof of authority to act on behalf of the estate, to initiate the exercise of the puttable option. The financial institution or broker will then facilitate the exercise of the option according to the terms outlined in the option agreement.
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