Election Period


DEFINITION of 'Election Period'

The period of time during which an investor who owns an extendable or retractable bond must indicate to the issuer whether or not he or she will exercise his or her option.

BREAKING DOWN 'Election Period'

In this time frame, a person can elect to extend the maturity date on an extendable bond, or retract (shorten) the maturity date on a retractable bond.

  1. Maturity

    The period of time for which a financial instrument remains outstanding. ...
  2. Bond

    A debt investment in which an investor loans money to an entity ...
  3. Issuer

    A legal entity that develops, registers and sells securities ...
  4. Retractable Bond

    A bond that features an option for the holder to force the issuer ...
  5. Extendable Bond

    A long-term debt security that includes an option to lengthen ...
  6. Exercise

    To put into effect the right specified in a contract. In options ...
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