special call

Extraordinary Redemption

A situation in which a bond issuer redeems a bond before its maturity because the revenue source paying the coupons disappears. For example, suppose a callable bond is issued to build a factory, and the revenue from the factory pays the interest on the bond. If the factory burns down, the company may redeem the bond at par so it no longer has to make interest payments. While the above example is catastrophic, most extraordinary redemptions occur for more mundane reasons; for instance, a mortgage-backed security may be extraordinarily redeemed if too many mortgages are refinanced. An extraordinary redemption is also called a special call.

special call

References in classic literature ?
The name of Waban signified, in the Indian tongue, wind; so that when the preacher uttered the words, "say to the wind," it was as if he had proclaimed, "say to Waban." As this man afterwards exerted much influence in awaking the attention of his fellow savages to Christianity, it might seem that in this first visit of the messengers of the gospel he was singled out by a special call to work in the cause.
History repeats itself, but the special call of an art which has passed away is never reproduced.
I have no special call to right any Marblehead man, but 'tweren't no fault o' Ireson's.
"We are being quite well looked after by the local police; they're giving us a special call every hour."
Dear Editor A special call out to the idiots who left their disposable barbecue kit and its scorch marks atop Gowan Hill.
'I want to make a special call to the 3.6 million Umno members, one million MCA members, and one million PAS members, to rise above and do their patriotic duty to save Malaysia,' the Gelang Patah incumbent said at a political talk at Flat Alam Jaya in Batu 9 here this morning.
There is an increase in the number of volunteer blood donors at youth age, she said, adding that everybody willing to donate blood can do it at any time in the closest specialised centre or medical establishment.She also said that Bulgarians are ready to donate blood, but due to uncertainty they do it on the occasion of a special call or campaign.This year the campaign's motto is linked to disasters.
Hussain informed that a special call center has also been set up for the complaints from the pilgrims and more than 1,800 calls and complainants have been registered up till now and most of them have been entertained.
The Special Call will take place during the first of six Call to the Bar ceremonies to be held across the province this month, which will admit new lawyers to the legal profession in Ontario.
Yemen's meterological agency issued a special call for residents in the Hadramawt and Mohrah provinces to stay at least a kilometer away from the shore.
Earlier PM had directed ministry of religious affairs to establish special call centre in connection with missing Pakistani pilgrims.
Costumed characters from Disney's Frozen, fire eaters and traditional Morris dancing will entertain visitors while the Staffordshire Portable Amateur Radio Club (SPARC) will discuss the Castle internationally via longwave with special call sign 'GB6AC.'.

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