A call provision grants the bond issuer the:
-right to contact each bondholder to determine if he or she would like to extend the term of his or her bonds.
-option to exchange the bonds for equity securities.
-right to automatically extend the bond's maturity date.
-right to repurchase the bonds on the open market prior to maturity.
-option of repurchasing the bonds prior to maturity at a prespecified price.