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Gill, Madura. Personal Finance, 4th Canadian Edition 2019. p 358.

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I don't know if "put" here is related to put options.

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Yes, it refers to a put option. It is like buying an ordinary put on a bond, giving you (the investor) the right to sell at a fixed price (here, face value) by a given date (here, maturity).

Bonus fact: A callable bond, similarly, is one for which the investor has effectively written a call option, giving the borrower the right to buy back the bond at a fixed price. This option is likely to be exercised if interest rates fall.

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