extraordinary call

Extraordinary call

Early redemption of a revenue bond because the revenue source paying the interest on the bond has been eliminated or has disappeared.

extraordinary call

Redemption of a debt security due to unusual circumstances. For example, some bond issues can be redeemed prior to the scheduled maturity because of the destruction of the facility that was financed by the bonds. Extraordinary calls are most frequently used to retire single-family mortgage revenue bonds when homeowners refinance their mortgages. Extraordinary calls, generally made at par, nearly always work to the disadvantage to bondholders. Also called extraordinary redemption. See also optional call.
Mentioned in ?
References in periodicals archive ?
As the fighting continued, mosques in Ankara sounded an extraordinary call to prayer throughout the night, infusing the violence with surreal if not apocalyptical chants that served to calm some, while compelling others to join the protests.
Night of gunfire, explosions and death in Ankara
In fact, the immediate reaction by the CEI Executive Secretariat, in agreement with the Macedonian CEI Presidency, in launching a-first-of-its-kind Extraordinary Call for Proposals of the CEI Cooperation Fund for supporting activities aimed at tackling the migrant crisis and the related security issues should be underlined.
Macedonia demonstrated outstanding leadership and diplomatic professionalism during CEI presidency: H.E. Ms. Margot Klestil-Loffler, CEI Alternate Secretary General
One of the most extraordinary call outs was to rescue 35 cows from a fast flowing river," he says.
Meet a real life hero
Headlines screamed her words were "an extraordinary call for caution".
The Queen doesn't do 'lively' chat
Finally, making public her feelings on the matter, the Queen issued an extraordinary call for caution in the Scottish independence referendum, urging Scots to consider 'carefully' whether they want to leave the UK.
Do we stay or do we go?
SCOTLAND'S top police officer was at home waiting to watch Graham Norton on TV when he took the most extraordinary call of his career.
HOUSE I was waiting for Graham Norton to come on telly when an officer called to say our helicopter has crashed into a pub .. I couldn't understand what I was hearing; TOP COP RELIVES CLUTHA TRAGEDY AND LOOKS BACK AT SCOTS FORCE'S FIRST YEAR
President Masoud Barzani chaired a meeting today in Salahadin of the KRG Council of Ministers, Kurdistan Parliament and leaders and representatives of all political parties in the Kurdistan Region, to discuss the extraordinary call by the Region's opposition group (Gorran) for the abolition of the Kurdistan Regional Government (KRG) and Parliament.
Kurdistan Political Blocs Denounce Gorran's Call for Abolition of KRG and Parliament
Not a lot gets to the ice-cool Nadal but Philipp Petzschner s crisp hitting, audacious net forays and an extraordinary call from chair umpire Cedric Mourier had the Mallorcan hot under the collar in a gripping third-round clash.
Livid Nadal flirts with danger, Serena strolls
On June 12, Ireland telephoned Kensington police station saying he had killed four times and then made an extraordinary call to officers at Battersea.
A New Year Resolution.. to be a killer
MIDDLESBROUGH Mayor Ray Mallon today issued an extraordinary call for justice - for the man who once investigated him.
No small matter of justice
Sir Edward du Cann accuses Mr Fayed of bribing MPs and lying to the Government and makes the extraordinary call that Harrods should be nationalised to take it out of his control.
Former MP demands deportation of al-Fayed

Financial browser ?
Full browser ?