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
Extraordinary Mandatory Redemption
Redemption of the bonds in the case of certain unexpected or one-time events occurring with respect to the bonds or the project financed with the proceeds of the bonds.