Redemption
The repayment of bonds prior to their maturity date.
bond-basics
Call Provisions
Provisions in a Bond that permit or require an Issuer to prepay or redeem Bonds before the stated Maturity Date. Such provisions are found in an Indenture or the Bond Resolution under “Redemption.”
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Qualified Small Issue Bond
A type of private activity bond (PAB) permitted under Section 144(a) of the Code of under $1,000,000 in face value to finance certain projects relating to manufacturing facilities.