Call protection
A feature of some callable bonds that establishes an initial period when the bonds may not be
called.
Related Terms: ...
CALL PROTECTION - a feature of mortgage loans or mortgage-backed securities designed to reduce the risk...
CALL PROVISION - In a mortgage or deed of trust, it refers to the mortgagee's or beneficiary's ability ...
call protection
A feature of a bond issue that protects investors from risk of prepayment. In mortgage-backed bonds, call protection may take the form of prepayment penalties or lock-in periods.
call protection A provision that limits or disallows the calling of a security during its first few years.
call provision A feature of some securities providing for their early retirement ("call" or "redemption").
Call Protection
The degree of security that an investor has against a bond being redeemed. Practically, the number of years between today and the call date.
Call Rule ...
Call Protection
Time during which a security, with a call provision, cannot be redeemed by the issuer. Corporate and municipal issuers typically have a call protection period of 10 years.
Call Protection
Any legal measure that reduces the probability of a bond being redeemed prior to maturity. Protected bonds include non-callable bonds, discount bonds, and deep-discount bonds.
Call Protection
For callable bonds, the period before the first possible call date.
Callable ...
call protection: The number of years that an investor has against a bond being redeemed.
call spread: The simultaneous buy and sell of call options contracts on the same security with different expiration dates and/or exercise prices.
Call Protection. The length of time during which a bond, preferred stock, etc. cannot be redeemed by the issuer.
call protection
length of time during which a security cannot be redeemed by the issuer. U.S. government securities are generally not callable, although there is an exception in certain 30-year Treasury bonds, which become callable after 25 years.
Call Protection
A protective provision of a callable security prohibiting the issuer from calling back the security for a period early in its life.
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Hard call protection
Usually refers to callable bonds. The period of time when a bond cannot be called, no matter what the interest rate is.
call protection A specified initial period during which a callable bond may not be called.This... call provision A clause in the indenture of a bond expressing the right of the issuer to redeem...
call protection The aspects of the call provisions of an issue of callable securities that partially protect an investor against an issuer's call of the securities or act as a disincentive to the issuer's exercise of its call privileges.
Some bonds have call protection for their full term, and others for a fixed period - often ten years. The appeal of a noncallable bond is that the issuer will pay interest at the stated coupon rate for the bond's full term.
After a call protection period of 10 years, the bonds become callable. By this time, the interest rates being paid by comparable corporations on the new bonds they issue has fallen to 6%.
When a bond is noncallable, the issuer cannot redeem it before the stated maturity date. Some bonds have call protection for their full term, and others for a fixed period-often 10 years.
These securities generally have a term of 30 to 40 years, pay a fixed rate monthly or quarterly income, offer five years of call protection, and benefit from various protective covenants usually associated with subordinated debt.
The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a specified call date.
Call protection ...
If the bond states that this provision can be exercised after a given number of years, or at a price greater then the par value, or that the bond is not callable, the bond is said to have call protection.
As a result, the conversion feature for preferred stocks often resembles that of debt securities. Call protection for the investor is usually about three years, and a 30 to 60-day call notice is typical.
 See also: Banks, Call provision, Investment risk, Call price, Call date
  
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