call feature

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Call feature

Part of the indenture agreement between the bond issuer and buyer describing the schedule and price of redemptions prior to maturity.

Call Feature

A provision in an indenture that makes a bond callable. A callable bond allows the issuer to redeem the bond before maturity. When the bond is called, the bondholder receives the par value (or sometimes more) and does not receive any more coupons. Callable bonds are issued to allow the issuers to hedge against interest rate risk. That is, if interest rates fall significantly, the issuers can call the bond and issue a new bond at a lower interest rate, reducing their liabilities. However, to protect the bondholder, most callable bonds also include call protection, which prevents the bonds from being called for a certain period of time, and thereby guarantees the current interest rate for that time.

call feature

References in periodicals archive ?
Phone In/Out of Service -- Enabled call features remain operational whether the IP phone is in or out of service.
We are now functioning as a carrier's carrier by providing wholesale VoIP services to other VoIP providers on our own proprietary VoIP platform which includes over 20 class 5 call features, voicemail and enhanced call handling.
Initially available just to its existing subscribers, CallWave's pay-as-you-go cell phone plan offers several VoIP-enabled call features specifically developed to conserve cell minutes and improve call management.
All the components necessary to get up and running quickly and seamlessly are available for private label delivery, including the full set of enhanced call features, Web-based control and integrated order fulfillment capabilities - delivered and backed by a best-in-class customer service organization.
Cisco 7900 series phones feature large pixel-based LCD displays, including dynamic soft keys that guide users through call features and functions; high-quality, hands-free speakerphone capability; built-in headset connectivity; and the ability to customize XML-based services for access to a variety of information, such as employee directories and Web-based content.
In addition to providing advanced call features to terminals connected through a wireless local loop network, BroadSoft's state-of-the-art, global standards-compliant VoIP applications software reduces project deployment time and cuts time-to-market for customers, providing a rapid path to the possibility of greater revenue generation.
WORLDWIDE COMPUTER PRODUCTS NEWS-November 30, 2015-Turkcell adds voice and video call features on its BiP app
Staff will be involved with tax-loss harvesting, monitoring the portfolio for credit changes and monitoring interest rate changes that could affect income streams due to the embedded call features in individual portfolios.
Standard IS-53 call features are implemented to support primary functionality, with IS-53A feature implementation planned.
It will be evaluated against technical trial criteria like reliability, stability, redundancy, and call features.
Through its connection to a PBX, MMCX brings call features like transfer, conference and call coverage to multimedia calls on both voice and data networks.
In addition, users will find the Private Call features more immediate, more secure and much more economical than a traditional cellular phone call.