extraordinary call

Extraordinary call

Early redemption of a revenue bond because the revenue source paying the interest on the bond has been eliminated or has disappeared.

extraordinary call

Redemption of a debt security due to unusual circumstances. For example, some bond issues can be redeemed prior to the scheduled maturity because of the destruction of the facility that was financed by the bonds. Extraordinary calls are most frequently used to retire single-family mortgage revenue bonds when homeowners refinance their mortgages. Extraordinary calls, generally made at par, nearly always work to the disadvantage to bondholders. Also called extraordinary redemption. See also optional call.
References in periodicals archive ?
One of the most extraordinary call outs was to rescue 35 cows from a fast flowing river," he says.
President Masoud Barzani chaired a meeting today in Salahadin of the KRG Council of Ministers, Kurdistan Parliament and leaders and representatives of all political parties in the Kurdistan Region, to discuss the extraordinary call by the Region's opposition group (Gorran) for the abolition of the Kurdistan Regional Government (KRG) and Parliament.
Headlines screamed her words were "an extraordinary call for caution".
Finally, making public her feelings on the matter, the Queen issued an extraordinary call for caution in the Scottish independence referendum, urging Scots to consider 'carefully' whether they want to leave the UK.
Immediately after implementing the solution the orchestra gained extraordinary call visibility and business intelligence using Evolve IP's exclusive OSSmosis management dashboards and reporting tools.
Not a lot gets to the ice-cool Nadal but Philipp Petzschner s crisp hitting, audacious net forays and an extraordinary call from chair umpire Cedric Mourier had the Mallorcan hot under the collar in a gripping third-round clash.
On June 12, Ireland telephoned Kensington police station saying he had killed four times and then made an extraordinary call to officers at Battersea.
MIDDLESBROUGH Mayor Ray Mallon today issued an extraordinary call for justice - for the man who once investigated him.
Sir Edward du Cann accuses Mr Fayed of bribing MPs and lying to the Government and makes the extraordinary call that Harrods should be nationalised to take it out of his control.
InfoVoter Technologies expects the hotlines to receive hundreds of thousands of voting-related complaints, and no other IVR solution comes close to CSI's shared IVR services for scalability to handle this extraordinary call volume and reporting capability to help us get the information we need in real time on Election Day.
It's an extraordinary call, particularly in relation to Madjid Bougherra, that's the aspect that worries me most.

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