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Lyon
(redirected from Liquid yield option note)

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Ly·on (ln), Mary Frances Born 1925.
British geneticist whose research on mice led to her formulation of the Lyon hypothesis.


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The biotech giant offered to purchase the liquid yield option notes, known as LYONs, that were due in 2032 at nearly 74 cents on the dollar.
The proceeds will be used by subsidiary Elan Finance Corporation to repurchase outstanding Liquid Yield Option Notes due in the year 2018.
Others, such as zero coupon bonds, zero coupon convertible bonds (most commonly, Merrill-Lynch's Liquid Yield Option Notes, or LYONs), puttable bonds, and high-yield or junk bonds are relatively new.
 
 
 
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