First call

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First call

With collateralized mortgage obligation (CMOs.), the start of the cash flow cycle for the cash flow window.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

First Call Date

The first date on which a callable bond or other fixed income security may be called. A callable bond allows the issuer to redeem the bond before maturity. When the bond is called, the bondholder receives the par value 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 lower significantly, they 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 a first call date, which guarantees the current interest rate for a certain period of time. The first call date is included in the bond agreement. See also: Doomsday call, Yield to first.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

First Call

The best-known segment of Thomson Financial, a major provider of financial information. First Call provides current and historical data on broker recommendations, insider transactions, financial ratios, and earnings estimates. Consensus earnings estimates from First Call are often utilized for comparison purposes by the financial press when corporations report quarterly earnings.
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 classic literature ?
Clad in blue silk and bright embroidery At the first call of Spring the fair young bride, On whom as yet Sorrow has laid no scar, Climbs the Kingfisher's Tower.
At the first call of the music, she became irresponsible.
Then Deirdre declared she knew the first call sent forth by Fergus.
She was first called to observe and approve him farther, by a reflection which Elinor chanced one day to make on the difference between him and his sister.
What made you so shy of me, when you first called, and afterwards dined here?
Its course is generally through plains, but is twice crossed by chains of mountains; the first called the Littlehorn; the second, the Bighorn.
Yet, unreasonable as it may appear, I confess that my feelings were not altogether so ecstatic as when I first called Mrs.
Dubai: Gems Menasa Cayman, a unit of Gems Education, redeemed its $200 million (Dh734.6 million), 12 per cent sukuk at the first call date last month.
It sees the notes' first call date as the effective maturity date.
The new call for bids is being announced after the Ministry of Transport annulled the first call announced in July due to certain administrative obstacles.
The first call was made Friday when Pacquiao advised him to relax and shun the pressure before praying over him.

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