call date investment & finance definition
A specific date on which a bond can be redeemed before it reaches maturity. A bond typically can be redeemed at the discretion of the issuer at par (face value).
CALL DATE - The date on which bonds may be called for redemption. See: REDEMPTION; REDEMPTION PROVISIONS.
CALL FEATURES - See: REDEMPTION PROVISIONS.
CALL PREMIUM - See: REDEMPTION PREMIUM.
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 Premium ...
Call Date - The date on which and after which selected issues of Treasury bonds can be redeemed before maturity.
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.
Call money rate ...
call date
The date at which some bonds are redeemable by the issuer prior to the maturity date.
Call Date: Refers to the date on which a bond may be redeemed before maturity.
Call Date
The date when callable bonds are eligible to be redeemed before maturity.
Call Date: A call date is the date at which the option to redeem (call) a security may be exercised.
Call Option: A call option is an option that allows the issuer of a security to redeem the security prior to its maturity date.
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.
Call Date
The date on which a bond may be redeemed by the issuer before maturity which may be at par or at a higher value. The difference is known as the call premium.
Call for Delivery ...
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.
First In, First Out (FIFO) ...
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...
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.
Application: A Callable Bond is a way to make a bet about refinancing costs at the Call Date. The issuer is betting that interest rates will drop, the bond price will rise, he will call the bond, and he will refinance at a lower rate.
The yield on a bond assuming the bond is redeemed by the issuer at the first call date. A bond's call provision is detailed in its prospectus.
Sometimes referred to as redeemable bonds, callable bonds tend to include provisions that ensure the investor that in the event of a call date being exercised, the investor will receive all interest due up to the date that is issued for the call.
Yield to call For a bond that may be called prior to maturity, the yield to the first call date.
If you purchase a bond at a significant premium that has a call date that isn't too far into the future, you might be sacrificing a good portion of your return on the premium being paid to purchase the bond in the first place.
The yield to call is calculated the same way as the yield to maturity, only that the life of the bond to the call date.
The percentage rate of a bond or note, if your were to buy and hold the security until the call date. This yield is valid only if the security is called prior to maturity.
Bondholders should read the Call Provisions in a bond's Indenture to understand the earliest potential Call Date for their bond.
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).
Therefore, you should make sure that if you are going to buy a callable bond, it is one that has either specific call dates, or only a few certain ranges of dates when the bond is callable.
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The yield to call is the percentage yield of a bond or note held until the call date. The security must be called prior to maturity for this yield to apply.
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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.
Banks manage their interest rate risk by selling callable CDs. On the call date, the banks determine if it is cheaper to replace the investment or leave it outstanding. This is similar to refinancing a mortgage.
 See also: Investment, Interest, Bonds, Market, Issue
  
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