Provisional Call Feature

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Dictionary Says

Definition of 'Provisional Call Feature'


A feature of a convertible issue that allows the issuer to call the issue during the non-call period if the stock reaches a certain price.

Investopedia Says

Investopedia explains 'Provisional Call Feature'


For example, a convertible bond may allow a provisional call if the underlying common stock trades at 150% of the conversion price for 30 consecutive days.

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