A municipal fixed income security (e.g., a municipal bond) that comes with a detachable put. The holder has the right (through the put) to sell the security back to the issuer at specified dates over its life.
A municipal fixed income security (e.g., a municipal bond) that comes with a detachable put. The holder has the right (through the put) to sell the security back to the issuer at specified dates over its life.
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