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. Surrender Period

    The amount of time an investor must wait until he or she can ...
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. Promising high yields that the Eurozone and U.S. can't match, West African sovereign debt has caught the attention of savvy investors.
    Bonds & Fixed Income

    Interested In West African Debt? Look Here First

    Promising high yields that the Eurozone and U.S. can't match, West African sovereign debt has caught the attention of savvy investors.
  8. Options & Futures

    Writing Covered Calls On ETFs

    The strategy of writing covered calls on ETFs can limit your losses and hedge risk, but they cap your upside potential.
  9. Bonds & Fixed Income

    What determines the price of a bond in the open market?

    Learn more about some of the factors that influence the valuation of bonds on the open market, and why bond prices and yields move in opposite directions.
  10. Taxes

    Why should I keep records on my tax-exempt bond transactions?

    Keep your purchase records on all investments, including tax-exempt bonds. Though the interest is tax-free, you may owe taxes if you sell your bond for a gain.

You May Also Like

Hot Definitions
  1. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  2. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  3. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  4. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  5. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  6. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
Trading Center