first call date investment & finance definition
The earliest date on which a security may be redeemed by the issuer. This date is particularly important to an investor who holds a security that is selling above or near its call price.
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.
Fiscal Year - FY ...
First Call Date
The earliest date specified in the prospectus supplement on which optional redemptions may take place.
First call
With collateralized mortgage obligation (CMOs.), the start of the cash flow cycle for the cash flow window.
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...
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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.
We drew our data from the First Call Insider Research (First Call). In our research, we only consider open market transaction of common shares.In the study, we choose the aggregate insiders trading ratio (AITR) as the measurement method.
Rate of return an investor earns from a bond assuming the bond is called (redeemed) by the issuer on the first call date specified in the indenture agreement prior to the bond's maturity date.
When the estimate is first calculated by sell-side analysts, the number is submitted to companies such as First Call to be averaged with other analysts' estimates for the consensus earnings estimate.
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 until the maturity of the initial bond issue. If the escrowed funds retire the original issue at the first call date, then the bond issue is pre-refunded.
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).
Before earnings are released, analysts issue earnings estimates for the companies they follow, and these estimates are compiled by earnings trackers such as First Call/Thomson Financial to determine a company's consensus earnings estimate.
Companies that issue preferred stocks usually pay consistent dividends and preferred stock has first call on dividends over common stock.
This has been a great help Peter. I cant say thank you enough. I just made my first call buys last week. Keep up the good work.
Peter ...
For a bond that may be called prior to maturity, the yield to the first call date.
Yield to maturity ...
As the name implies, preferred stock is a different class of stock with additional rights not granted to common stock owners. Among these rights is first call on dividends. Investors buy preferred stock for its dividend income.
Price/Book ...
Despite its name, preferred stock has fewer rights than common stock, except in one important area - dividends. Companies that issue preferred stocks usually pay consistent dividends and preferred stock has first call on dividends over common stock.
The newer bonds are purchased at a rate that is lower than the longer-maturing bond that it pays off. The interest that is generated off the new bonds is used to pay for the long-maturity bond before the first call date arrives.
Yield to callFor a bond that may be called prior to maturity, the yield to the first call date.
 See also: Market, Issue, Stock, Call, Interest
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