Examlex
Find the product. Assume variables represent positive real numbers.
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Call Protection Provision
A feature of a bond that prohibits the issuer from redeeming the bond before a specified date, protecting bondholders.
Bond Indenture
A legal contract between the bond issuer and the bondholders, detailing the terms of the bond such as interest payments, maturity date, and the issuer's obligations.
Call Features
Options embedded in financial securities that allow the issuer to redeem the security before its maturity date.
Call Premium
The extra amount paid above the bond's face value for calling a bond before its maturity date, compensating the bondholder for early redemption.
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