No, this is not a class on futures and options, nor equity. However long term bonds also have a put and a call option.

An option that can be exercised by the issuer of the bond whereby the bond can be extinguished prior to the date of expiry is called a CALL option.

An option that can be exercised by the investor of the bond whereby the bond can be extinguished -by repayment BEFORE the expiry date – is called a PUT option

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