- Putable Common Stock
- Common stock that gives investors the option to put the stock back to the company at a predetermined price.
Also known as a "putable swap".With putable common stock, investors have the option of selling their shares back to the issuer at a predetermined price. Typically, this price is relatively low, so the option to put acts merely as a type of insurance for investors, sweetening the security.
Investment dictionary. Academic. 2012.