A ________ bond gives the bondholder the right to cash in the bond before maturity at a specific price after a specific date.

A) callable
B) coupon
C) puttable
D) Treasury

Callable Bond

A type of bond that can be repaid by the issuer before its maturity date, typically at a premium to the face value.

Puttable Bond

Puttable Bond is a type of bond that gives the holder the right to force the issuer to buy back the bond at a specified price before maturity.

Bondholder

A bondholder is an investor or entity that owns a bond issued by a borrower, entitling them to receive the bond's face value at maturity, along with periodic interest payments.