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 ?
The Double Back Grunt Call features a dual-resonating chamber for deep, authentic grunts, and seven different sound positions create a wide range of calls.
Users can utilize WhatsApp video and voice call features for as low as Rs.
It creates an "audio fingerprint" of each call by analysing 147 call features - such as location, background noise and number history - to highlight unusual activity, identify potential fraud and stop criminal callers.
The technology creates an 'audio fingerprint' of each call by analysing 147 call features to identify unusual activity.
This voice and video call features were launched with 1GB data gift to Turkcell subscribers.
WORLDWIDE COMPUTER PRODUCTS NEWS-November 30, 2015-Turkcell adds voice and video call features on its BiP app
Slickly made and packed with twists and turns, The Call features excellent performances from both actresses.
These theories, however, are not supported by empirical results from Crabbe and Helwege (1994), who conclude that call features do not reduce the agency costs of debt.
The two companies said that they had performed an extensive series of tests prior to completing the migration, in order to ensure that the SIP-I I protocol could effectively guarantee advanced call features such as CLI, international roaming, ISDN Data, fax and ISUPv2.
In addition, OpenStage phones utilise Session Initiation Protocol (SIP) to integrate wired, wireless and IP communications, and include new conferencing and call features such as "push to conference", desktop call management or "presence"-based calling.
* CPAs/RIAs CAN CREATE A CUSTOMIZED portfolio for a client by acquiring bonds with stylized characteristics (such as different credit qualities, AMT status and call features) and by choosing either municipals or taxable issues (or both depending on the client's tax concerns).