Callable bond: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson (Note that the issuer of the bond is the borrower.) |
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A bond with a call provision giving the issuer the right to redeem the bonds under specified terms prior to the normal maturity date. | A bond with a call provision giving the issuer (borrower) the right to redeem the bonds under specified terms prior to the normal maturity date. | ||