Call Date
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Term
Main definition
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When a bond issuer exercises the right to retire the bonds (redeeming them before maturity at a specific price), this term refers to the date upon which the bonds may be called by the bond issuer for retirement.
The bond issuer makes a payment for the bonds to the holder who tendered or surrendered bonds. The redemption price usually includes the total of the principal amount of the bonds, accrued but unpaid interest, plus a call premium expressed in terms of a percentage and basis points of the original principal amount of the bond.
