Call date
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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CALL DATE - The date on which a call option may be exercised. The date before the contractual maturity ...
CALL FEATURE - Part of the indenture agreement between the bond issuer and buyer describing the schedul...
first call date
earliest date a bond issuer may redeem all or part of the issue at a price specified in the indenture. The first exercisable call date is noted in the bond offering sheets.
Call Date
Date upon which issuer can exercise a call feature. See also Call Feature.
Call Feature ...
call date: The date on which Treasury bonds are eligible to be redeemed before maturity.
call protection: The number of years that an investor has against a bond being redeemed.
first call date The earliest date on which a security can be called.
first mortgage bond A senior mortgage bond.
first notice date The first date on which notice of delivery on a futures contract can be given to the exchange.
First Call Date
First date on which part or all of a bond may be redeemed, or called, by the issuer, at a prespecified price. The first call date is specified in the bond's indenture.
First call date
A date stated in an indenture, that is the first date on which the issuer may redeem a bond either partially or completely.
First Call Date - Earliest date a security may be called or redeemed (bought back) by its issuer; usually refers to corporate and municipal bonds.
Call Date
The date on which a bond can be redeemed before maturity. If the issuer feels there is a benefit to refinancing the issue, the bond may be redeemed on the call date at par or at a small premium to par.
call date
The date at which some bonds are redeemable by the issuer prior to the maturity date.
call option
The right to purchase stock at a specified (exercise) price within a specified time period.
First Call Date (finance term)
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Yield to maturity ...
first call date The first date on which a callable bond may be redeemed, specified in its indenture. First In First Out Abbreviated as FIFO, refers to a method of valuing the cost of goods sold that...
With collateralized mortgage obligation (CMOs.), the start of the cash flow cycle for the cash flow window.
First call date ...
The dollar amount of unpaid interest that has accrued to a certain date, such as to a call date. [EPA] The interest due on a bond since the last interest payment was made. The buyer of the bond pays the market price plus accrued interest.
Advance refunding In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded).
Call Date
The date on which a bond may be redeemed by the issuer before maturity that may be at par or at a higher value. The difference is known as t...(Read more)
Call Option ...
Yield to call The percentage rate of a bond or note, if you were to buy and hold the security until the call date. This yield is valid only if the security is called prior to maturity.
Often there is a set "call date," after which a bond issuer can pay off the bond. With these bonds, you might not receive the bond's original coupon rate for the bond's entire term.
A refunding transaction which is an economic defeasance rather than a legal defeasance since only the principal is defeased on the refunded bonds to the call date.
If a call date is missed, the bond may not be callable until the next call date. The call priviledge is to enable the issuer to refund the bonds at a lower interest rate should that occur during the term.
The yield on a bond that assumes redemption of that bond by the issuer at the first possible call date as stated in the indenture agreement.
The future date coincides with the first optional call date on an existing high-rate bond. In the interim, investors' money is invested in secondary market Treasury bonds.
The escrow may be held until the first call date or maturity of the initial bond issue. If the escrowed funds retire the original issue at the first call date then the issue is pre-refunded.
There may be more than one call date, in which case there will be more than one yield to call number. These are usually distinguished by calling them yield to first call, yield to second call etc.
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The percentage rate of a bond or note if the investor buys and holds the security until the call date. This yield is valid only if the security is called prior to maturity.
In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded).
An option that gives the right to buy the underlying futures contract. Call date 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 day for payment (Call Date) will be set in advance. We will inform you of the relevant dates at the time.
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Similar to Yield to Maturity, but calculated using the call date instead of the maturity date, and the call price instead of the par value.
For callable bonds, the period before the first possible call date.
Callable
May be redeemed (called in) upon due notice by the security's issuer.
Pre-refunding: Selling a new bond issue to refund (refinance) an old issue prior to the call date of the old bonds. The proceeds of the offering are placed in an escrow account until the call date is reached.
Estimate of the yield that would be earned on a callable bond if it were redeemed by the issuer on the next call date. Calculated in a similar way as the yield to maturity (YTM)
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Yield to Call
Yield on a bond which will be called by the issuer at the first call date. Important for corporate bonds.
YIELD TO CALL: The yield of a bond were it to be redeemed by the issuer at the earliest call date allowed.
YIELD TO MATURITY: The yield of a bond were it held to maturity, including purchase price, coupon rate and present value.
Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs.
Present value factor ...
A yield on a security calculated by assuming that interest payments will be paid until the call date, when the security will be redeemed at the call price.
Yield to maturity ...
Prerefunding
Definition: [crh] Procedure of floating a second bond at a lower interest rate in order to pay off the first Definition: d"bond at the first call date and to reduce overall borrowing costs.
The escrowed funds may provide debt service until maturity of the original issue (escrowed to maturity) or until the first call date (pre-refunded to the call). Also known as defeasance. See: Defeased Bonds.
For example, on the call date, the counter-party may have the right to require the issuer to issue refunding bonds with certain specified terms for purchase by the counter-party.
pre-refunding/advanced refunding A procedure, in which a bond insurer floats (issues) a longer-maturity bond in order to pay off an earlier bond at the first call date (prior to maturity) in order to take advantage of a fall in interest rates.
 See also: Banks, Expense, Exercise price, Values, Call price
  
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