Puttable Instruments

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....rence of an uncertain future event or the death or retirement of the instrument holder. The phrase "put back to the issuer" refers to redemption of the instrument. If the holder has a right, but not an obligation to require the issuer to redeem the instrument, it is referred to as "put option". If the following conditions are fulfilled then such financial instrument will be classified as 'Equity....

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....ther classes of instruments. * All financial instruments in the class of instruments that is subordinate to all other classes of instruments must have an identical contractual obligation for the issuing entity to deliver a pro rata share of its net assets on liquidation. * In case of puttable instruments, apart from contractual obligation for the issuer to repurchase or redeem the instrument f....