### Question
What does liquidation, put, call, or conversion right mean?


### Answer
**Liquidation, put, call, or conversion right** has the following meaning in *26 U.S.C. § 2701*:

> any liquidation, put, call, or conversion right, or any similar right, the exercise or nonexercise of which affects the value of the transferred interest

#### Citation:
  - *26 U.S.C. § 2701*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 14-SPECIAL VALUATION RULES**

