Provisional Call Feature
A feature of a convertible issue that allows the issuer to call the issue during the non-call period if the stock reaches a certain price. Investopedia Says:
For example, a convertible bond may allow a provisional call if the underlying common stock trades at 150% of the conversion price for 30 consecutive days. Related Terms:
Bond
Callable Bond
Contingent Convertibles
Conversion Price
Convertible Bond
Issuer |