Any-interest-date

Any-interest-date

A call provision in a municipal bond indenture that establishes the right of redemption for the issuer on any interest payment due date.

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Any-Interest-Date Call

A provision in some municipal bonds giving the issuer the right to redeem a bond before maturity on any date that the issuer owes coupons to bondholders.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved