bond-basics

Call Provisions

Provisions in a Bond that permit or require an Issuer to prepay or redeem Bonds before the stated Maturity Date. Such provisions are found in an Indenture or the Bond Resolution under “Redemption.”


See Also

Redemption

The repayment of bonds prior to their maturity date.

Hudson Yards Rail Yards

Start with the Bond Basics

Inducement Resolution

A resolution adopted by the issuer or the borrower to indicate the preliminary intention to issue the tax-exempt bonds, subject to satisfaction of certain conditions precedent which may be satisfied on or after the adoption of a bond resolution.