Examlex
Control over cash disbursements is generally more effective when
Callable Bonds
Bonds containing a call feature that allows the bond issuer the option of retiring the bonds early.
Early Retirement
Refers to the act of ending one's professional career or employment before reaching the conventional retirement age.
Bondholder
A bondholder is an individual or institution that holds the debt security issued by governments or corporations, entitling them to receive interest payments and the return of principal.
Premium
A Premium refers to the amount paid for a contract of insurance or the amount by which a bond or stock's market value exceeds its face value or par value.
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