| 释义 |
Chastity bonds Chastity bondsBonds redeemable at par value in the case of a takeover.Chastity BondA corporate bond that matures automatically in the event the issuer is acquired by another company. Some companies issue chastity bonds as an antitakeover measure; this gives potential acquiring companies have an incentive not to attempt a hostile takeover if it will immediately have to repay bonds. |