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________ is the process by which users agree to one set of conditions, then add a bit more, then add a bit more, and so forth.
Call Features
Provisions embedded in financial instruments, like bonds, that allow the issuer to repurchase or redeem the instrument before its maturity date.
Call Penalties
Fees or costs that a borrower must pay a lender for the privilege of paying a loan off earlier than the agreed payment schedule.
Call Premiums
The amount by which the price of a callable bond or preferred stock exceeds its par value or redemption price, often stipulated as a penalty for early redemption by the issuer.
Coupon Rates
Interest rates specified on bonds or other fixed-income securities that issuers promise to pay bondholders annually, expressed as a percentage of face value.
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