period of call protection

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Period of Call Protection

In callable bonds, a period of time during which a bond may not be prematurely redeemed. Interest payments are guaranteed during the call protection period but not afterward. The bond may be redeemed at any point after the call date, which means that the issuer could return the principal to bondholders and interest payments would cease. The period of call protection exists to protect bondholders from the risk that interest rates will fall before the call date. The period of time is often called the cushion.

period of call protection

References in periodicals archive ?
The five and 10 years are the deferment periods, which can be as long as 25 years.
In my view, annuities are best deployed as one part of an integrated plan in which part of the retiree's assets are used to purchase a deferred annuity, and the balance is used to live on during the deferment period.
Consequently, studies on the tillering pattern of the forage plant after deferment periods and periods of utilization of the deferred pastures are of paramount importance since tillering is the main source of perennation of forage grasses.
At the end of the deferment period, the above may determine a tiller population mainly comprised of older tillers and may result in a response pattern contrary to the one that normally occurs on pastures deferred at lower initial height.
Their fully amortized payments often exceed $500 or even $1,000 per month, often unaffordable for someone starting out in their career, while unemployed college graduates leveraging deferment periods see their loan balances grow due to accruing interest.
A portion ($8,000) of the loans are subsidized, meaning the government pays the interest during deferment periods, but the remaining amount is unsubsidized and Brown will have to pay on the interest while in school or defer and accumulate the interest until repayment.
The loan deferment periods could be extended by the federal government, depending on the length of current deployments, said Lynn Hearnes, assistant commissioner of Missouri Student Assistance Resource Services.
It should be emphasized that in conditions of deferred pastures, this type of adequate pasture structure for ruminant grazing is hampered or limited by two factors: longer rest periods (deferment periods) necessary to obtain a forage stock for the off-season period and climate conditions which restrict pasture growth.
Characterization of tillers of Piata palisade grass deferred in the fall with varying heights and deferment periods. Acta Scientiarum.
For subsidized loans, the federal government pays the interest to the lender while you are enrolled or during deferment periods. The loans were $7,500 before this past October; it is now $8,500.
She can then compare monthly draw amounts using different annuity deferment periods under favorable and unfavorable outcomes.
In fact, longer deferment periods result in a pasture with a higher number of reproductive and dead tillers, in relation to vegetative tillers (SANTOS et al., 2009a); the latter are usually in a more advanced development stage.