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A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond for a specified call price.
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The first date on which a callable bond may be called by the issuer. Most callable bonds contain a provision preventing a bond from being called for a certain period of time. Interest payments are guaranteed during this period, but not afterward. The bond may be prematurely redeemed at any point after the call date. See also: Call protection.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
The date on which a security can be repurchased by the issuer at a predetermined price. The call date is established by the issuer at the time a security is issued.
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.