call feature

Call feature

Part of the indenture agreement between the bond issuer and buyer describing the schedule and price of redemptions prior to maturity.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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

call feature

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The reverse call feature is similar to the existing Please Call Me service which enables a customer to send five free messages to other customers requesting for a call back.
EVERYONE has a part to play in this special edition of American Theatre, for which we've expanded our monthly Role Call feature to offer profiles of 20 theatre workers from all over the U.S.
What makes the WhatsApp video call feature different from the rest of the rival services is that it is end-to-end encrypted by default.
"This is great news for other users, but for us here, it's sad because we can't use the group call feature," said one WhatsApp user in UAE, reacting to the new WhatsApp group call feature.
After the roll out of IG TV, Instagram introduced the group video call feature and launched a redesigned Explore page.
Naver, the operator of the country's biggest portal website, is moving to add a voice call feature to its artificial intelligence (AI) speaker, while Kakao, which runs the nation's top mobile messenger KakaoTalk, has recently released mobile phones for kids through its subsidiary.
WABetaInfo said that "the group calling feature will available for everyone in the future, though an exact timeline is not known." Previously, WhatsApp group voice calls feature was available on the version 2.17.70 of WhatsApp Android beta in October 2017 and the messaging service app will apparently release group voice call feature this year.
It appears as though an Instagram team is currently developing a new video call feature for the app.
WhatsApp's call feature and other calling services such as Viber, Snapchat and Facebook, are accessible to people the world over.
The video call feature is limited at the moment to the beta version of the Android app, with iPhone users left out in this.
Reports suggest that the updated version of WhatsApp will offer support for the voice call feature.
"The new notes are unsecured, and include a call feature."