A bond contract feature that allows the issuer to redeem bonds under specified terms prior to maturity is called a:
Deferred call
Debenture
Protective covenant
Call provision
Sinking fund provision
When are issuers more likely to call an outstanding bond issue?
When interest rates are lower than they were when the bonds were issued
When interest rates are higher than they were when the bonds were issued
A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a:
Debenture
Protective covenant
Sinking fund provision
Call provision
Deferred call