1. Call Provision: It grants the issuer an option to retire all or part of the issue prior to the stated maturity date.
2. First call date: The first date of call or redemption.
3. Redemption Price: The price at which the issuer must pay to retire the bond early is referred to as the call price or redemption price.
4. Make-whole redemption price: It is equal to the premium plus the principle at which the issue is called.
5. Currently callable: Bonds with no protection against called early.
6. Non-callable bonds: Bonds having some restrictions against early redemption.
7. Non-refundable bonds: Bonds which prohibit the issuer from redeeming by issuing fresh bonds at lower coupon rate.
2. First call date: The first date of call or redemption.
3. Redemption Price: The price at which the issuer must pay to retire the bond early is referred to as the call price or redemption price.
4. Make-whole redemption price: It is equal to the premium plus the principle at which the issue is called.
5. Currently callable: Bonds with no protection against called early.
6. Non-callable bonds: Bonds having some restrictions against early redemption.
7. Non-refundable bonds: Bonds which prohibit the issuer from redeeming by issuing fresh bonds at lower coupon rate.
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