Extraordinary Redemption

0.01 sec.

A situation in which a bond issuer redeems a bond before its maturity because the revenue source paying the coupons disappears. For example, suppose a callable bond is issued to build a factory, and the revenue from the factory pays the interest on the bond. If the factory burns down, the company may redeem the bond at par so it no longer has to make interest payments. While the above example is catastrophic, most extraordinary redemptions occur for more mundane reasons; for instance, a mortgage-backed security may be extraordinarily redeemed if too many mortgages are refinanced. An extraordinary redemption is also called a special call.

extraordinary redemption

See extraordinary call.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
extraordinary call Special Call			The system is required to apply excess connection fees not needed for payment of debt service or replenishment of the debt service reserve for extraordinary redemption of parity bonds. Fitch Rates Manteca Financing Auth's (California) $19MM Sewer Revs ... by Business Wire Bondholder security is provided in the transaction structure outlined in: --The trust indenture between Wells Fargo Bank and PACE that outlines certain commitments to bondholders, including extraordinary redemption of the bonds in the event of an early termination of the gas purchase agreement for any reason and the payment of swap netting payments prior to debt service. Fitch Rts Public Authority for Colorado Energy Natural Gas Purchase ... by Business Wire The trust indenture between The Bank of New York Trust Company and Main Street that outlines certain commitments to bondholders, including extraordinary redemption of the bonds in the event of an early termination of the gas purchase agreement for any reason and the payment of swap netting payments prior to debt service. Fitch Rates Main Street Natural Gas (Georgia) 2008A Project Revs ... by Business Wire			External Efficiency External Finance External Fund External Funding External Funds External Market external obsolescence External Trade Act of 1987 External Value Externality Extinction Pricing Extinguish Extorsion Extortion Extortion Insurance Extra Dividend Extra or special dividends Extraccion Extracto de cuenta extraordinary call Extraordinary Gain Extraordinary General Meeting Extraordinary Item Extraordinary Loss Extraordinary Positive Value Extraordinary Redemption Extrapolative Statistical Model Extrapolative statistical models Extraterritoriality Extrato de conta Extreme Value Theory Extrinsic Value eye appeal Eye Camera Eye Movement Analysis Eyebrow Eyrir F F.O.B. Airport F.O.B. Freight Allowed F.O.B. Freight Prepaid F.O.B. Named Inland Carrier F.O.B. Named Port of Exportation F.T.C. F.W. Woolworth F/C Fa Zhan Fabbisogno di capitali Fabless Company FAC facade			Extraordinary General Meeting Extraordinary General Meeting Extraordinary General Meeting of Shareholders extraordinary general meetings extraordinary general meetings Extraordinary General Shareholders' Meeting Extraordinary Herald Extraordinary Herald extraordinary index Extraordinary International Hydrographic Conference Extraordinary item Extraordinary Items extraordinary loss Extraordinary Losses Extraordinary Magnetoresistance Extraordinary Measures for Lebanon and the Occupied Territory Extraordinary Meeting of the Parties Extraordinary Minister of Holy Communion Extraordinary Minister of the Eucharist Extraordinary optical transmission Extraordinary Pay Increase Extraordinary People Impacting Community Extraordinary positive value Extraordinary Positive Values Extraordinary question Extraordinary ray Extraordinary ray Extraordinary ray extraordinary rays extraordinary rays Extraordinary Redemption Extraordinary Redemptions Extraordinary Remedy Extraordinary science Extraordinary science Extraordinary science Extraordinary Seventeenth All-Russian Congress of Soviets Extraordinary Sixth All-Russian Congress of Soviets of Workers, Extraordinary Supernatural Phenomena Explored and Revealed extraordinary treatment extraordinary treatment extraordinary treatment extraordinary treatment Extraordinary Verification Extraordinary wave Extraordinary wave Extraordinary wave Extraordinary wave extraordinary writ extraosseous Extraosseous Ewing Extraovarian Peritoneal Serous Papillary Carcinoma Extraparochial Extraperitoneal extraperitoneal cesarean section extraperitoneal fascia Extraperitoneal space Extraphysical extraphysiologic extraplacental Extraplan Profit

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.