call protection
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 Webster's Finance Dictionary |
call protection definition - business
call protection
The prohibition against an issuer's calling a bond from an investor during the early years of the security's life. A longer period of call protection is advantageous to the investor because calls nearly always occur during periods of reduced interest rates. Also called cushion. See also noncallable, nonrefundable 1.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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MLA Style
"call protection." Business. 2009
- Your Dictionary. 5 July 2009
- <www.yourdictionary.com/business/call-protection>
APA Style
call protection. (2009). In Business
- Retrieved July 5th, 2009, from www.yourdictionary.com/business/call-protection
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