Conditional call


Also found in: Acronyms.

Conditional call

Applies mainly to convertible securities. Circumstances under which a company can effect an earlier call, usually stated as percentage of a stock's trading price during a particular period, such as 140% of the exercise price during a 40-day trading span.

Conditional Call

A provision in a convertible security agreement outlining the circumstances under which the issuer of the convertible security may call it without allowing the holder to exercise the convertible option. Most of the time, the conditional call states that the issuer may call the convertible security if the price of the underlying stock is trading outside a certain range, such that exercising the convertible option will put an undue strain on the issuer.
References in periodicals archive ?
<p>The link will work via the cell phone's conditional call forwarding service, which diverts calls to a specified number if they go unanswered for a certain number or rings or if the cell phone is out of the service area.
In addition, Ferrovial and Macquarie Airports agreed to grant each other conditional call and put options on the holdings of Ferrovial Aeropuertos in the capital of the companies managing airports in Sydney and Bristol.
His best horse, in my eyes anyway, was the magnificent hurdler Jimmy Lorenzo, who humped top weight into fourth in the 1988 Imperial Cup, ridden by a conditional called Jamie Osborne.

Full browser ?