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Term Of The Hour

deferred call provision: Original post by Michael Wolfe of Demand Media Sometimes, after a party has issued a bond, it may wish to "call" the bond back. When this happens, the bond issuer is actually retiring all or part of the bond before the bond's maturity. When he does this, he agrees to pay a specific price to the bond holders, as stated when the bond is issued. However, if a deferred call provision is in…

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