A service provided by independent organizations that monitor the actions of bond issuers in order to inform clients, such as financial advisors, trustees, and individual investors, that their bonds have been called for redemption before maturity. A call watch is particularly valuable to holders of bearer bonds for which no records of ownership are maintained by the issuers.
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.