first call date
first date specified in the indenture of a corporate or municipal bond contract on which part or all of the bond may be redeemed at a set price. An XYZ bond due in 2030, for instance, may have a first call date of May 1, 2013.
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FIRST CALL - With collateralized mortgage obligation (CMOs.), the start of the cash flow cycle for the ...
FIRST CALL DATE - A date stated in an indenture, that is the first date on which the issuer may redeem ...
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: A leading aggregator of analysts' earnings estimates.
fiscal period: A corporation's yearly accounting period which covers a 12 month period for which business activities are reported and profit or loss is determined.
First Call Date - Earliest date a security may be called or redeemed (bought back) by its issuer; usually refers to corporate and municipal bonds.
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.
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First Call Date (finance term)
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First Call
A company that gathers research notes and earnings estimates from brokerage analysts. The estimate is compared to the actual reported earnings, and then the difference between the two is the earnings surprise.
Earnings surprises Positive or negative differences from the consensus forecast of earnings by institutions such as First Call or IBES.
Prerefunding 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.
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).
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...
First Charge - A lender will always use this to secure the main mortgage therefore a lender who has a first legal charge overa property will have the first call on any funds raised from the property sale.
Institutional Brokers' Estimate System (IBES), First Call, and Zack's collect an earnings estimate from a number of analysts and use them to calculate a consensus earnings estimate.
in 1465 as a new issue of the "noble," and so at first called the "angel-noble." It varied in value between that period and the time of Charles I. (when it was last coined) from 6s. 8d. to ios.
The research company Thomson Financial/First Call collects these quarterly earnings estimates. The earnings figure selected by the majority of analysts becomes First Call's consensus earnings number.
A financing structure under which new bonds are issued to repay an outstanding bond issue prior to its first call date. Generally, the proceeds of the new issue are invested in government securities, which are placed in escrow.
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.
Even providers of so-called "consensus" ratings, such as I/B/E/S and First Call, use their own rating scales. These organizations apply numerical formulas to map several analysts' different ratings scales to their own rating conventions.
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).
For example, the first call date may coincide with an interest payment date and the conversion rights may expire just before the interest payment date.
The Chicago Board of Trade's established dates for delivery on futures contracts.
First call
With collateralized mortgage obligation (CMOs.), the start of the cash flow cycle for the cash flow window.
First call date ...
Positive or negative differences from the consensus forecast of earnings by institutions
such as First Call or IBES. Negative earnings surprises generally have a greater adverse affect on stock prices ...
Based on forecasts from sources such as Institutional Brokers Estimate System (I.B.E.S.), First Call, or Zachs. Measure has advantages over typical earnings growth measures which look back in time (historical).
Yield to Call
Yield on a bond which will be called by the issuer at the first call date. Important for corporate bonds.
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 ...
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 yield on a bond calculated on the supposition that the issuer will redeem the amount at the first call as stated on the bond's prospectus is called as yield to call.
Yield-to-Maturity (YTM) ...
Municipality issued bonds issued intended to gain an interest rate advantage by refunding a higher-rate bond in ahead of their call date. Lower-rate refunding issue proceeds are invested in Treasuries until the first call date of the higher-rate ...
That paper was reproduced, "as it was originally written" according to the journal editor, as Lerner (1952). I don't know who first called it the Lerner Diagram, although Findlay and Grubert (1959) made extensive use of the diagram, ...
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.
These institutions are only able to lend to member countries if there is recognition that in the event of a foreign exchange crisis, the preferred lenders have first call on available foreign exchange.
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.
Prospective Earnings Growth (P.E.G. Ratio) Based on forecasts from sources such as Institutional Broker's Estimate System (I.B.E.S.), First Call, or Zach's.
 See also: Expense, Banks, Call date, Funding, First call date
  
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