A liquid yield option note (LYON) whose principal amount was tied to the performance of the NYSE Composite Index. This…

An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…

A form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill Lynch in 1985. This note was...