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. Callable Security

    A security with an embedded call provision that allows the issuer ...
  2. Call Provision

    A provision on a bond or other fixed-income instrument that allows ...
  3. Call

    1. The period of time between the opening and closing of some ...
  4. Municipal Bond

    A debt security issued by a state, municipality or county to ...
  5. Callable Bond

    A bond that can be redeemed by the issuer prior to its maturity. ...
  6. Next Generation Fixed Income (NGFI) ...

    A Next Generation Fixed Income (NGFI) manager is a fixed income ...
Related Articles
  1. Bonds & Fixed Income

    When Your Bond Comes Calling

    Callable bonds can leave investors with a pile of cash in a low-interest market. Find out what you can do about it.
  2. Investing

    The Advantages Of Bonds

    Bonds contribute an element of stability to almost any portfolio and offer a safe and conservative investment.
  3. Bonds & Fixed Income

    Find The Right Bond At The Right Time

    Find out which bonds you should be investing in and when you should be buying them.
  4. Options & Futures

    Get Active In Your Bond Portfolio

    Find out why being a couch potato with your bonds actually could be mashing your results.
  5. Bonds & Fixed Income

    Top 8 Ways Lose Money On Bonds

    Find out what these common ways are so that you can avoid them - and the losses that follow.
  6. Options & Futures

    Common Bond-Buying Mistakes

    Avoid these errors made daily in bond portfolios everywhere.
  7. Mutual Funds & ETFs

    PIMCO vs. BlackRock: Weighing Mega Fund Managers

    A look at the world's biggest bond manager and the world's largest asset manager.
  8. Mutual Funds & ETFs

    The ABCs of Mortgage-Backed Securities ETFs

    ETFs focused on mortgage-backed securities, or MBS, offer an opportunity to further diversify the fixed-income portion of your portfolio.
  9. Economics

    What Would Happen If Interest Rates Rise?

    This time around, while U.S. long-term yields have rebounded from their January lows, rates have generally been lower than where they ended 2014.
  10. Investing

    Strategies To Position Your Bond Portfolio

    Fixed income investors may not be able to see them all right now, but important trends are stirring on the investment horizon.

You May Also Like

Hot Definitions
  1. Efficiency Ratio

    Ratios that are typically used to analyze how well a company uses its assets and liabilities internally. Efficiency Ratios ...
  2. Fixed Cost

    A cost that does not change with an increase or decrease in the amount of goods or services produced. Fixed costs are expenses ...
  3. Subsidy

    A benefit given by the government to groups or individuals usually in the form of a cash payment or tax reduction. The subsidy ...
  4. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  5. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  6. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
Trading Center