Any-Interest-Date Call

AAA

DEFINITION of 'Any-Interest-Date Call'

A municipal bond provision which allows the bond issuer to redeem the bond at any date in which interest is set to be paid. An any-interest-date call provision does not necessarily require the bond issuer to pay a premium, but often does require the issuer to wait until the first call date has passed.

INVESTOPEDIA EXPLAINS 'Any-Interest-Date Call'

Investors in securities with this provision know that a call can occur and are generally notified in advance of when the call is going to come into effect. When the call is enacted, an investor is paid for accrued interest and a stated price. If the issuer is not calling the entire securities issue, the company may call certain random lots of securities.

RELATED TERMS
  1. Call

    1. The period of time between the opening and closing of some ...
  2. Callable Bond

    A bond that can be redeemed by the issuer prior to its maturity. ...
  3. Municipal Bond

    A debt security issued by a state, municipality or county to ...
  4. Call Provision

    A provision on a bond or other fixed-income instrument that allows ...
  5. Callable Security

    A security with an embedded call provision that allows the issuer ...
  6. Treasury Direct

    The online market where investors can purchase federal government ...
Related Articles
  1. When Your Bond Comes Calling
    Bonds & Fixed Income

    When Your Bond Comes Calling

  2. The Advantages Of Bonds
    Investing

    The Advantages Of Bonds

  3. Find The Right Bond At The Right Time
    Bonds & Fixed Income

    Find The Right Bond At The Right Time

  4. Get Active In Your Bond Portfolio
    Options & Futures

    Get Active In Your Bond Portfolio

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center