Examlex
What is a factor market?
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.
Restrictive Covenants
Restrictive covenants are terms or conditions included in contracts or agreements that restrict or limit certain actions or behaviors to protect business interests.
Market Interest Rates
The prevailing rates at which interest is paid on borrowings or earned on investments in the financial market.
Call Features
Provisions embedded in financial instruments, like bonds, that allow the issuer to repurchase or redeem the instrument before its maturity date.
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