Provisional call feature - A feature in a convertible issue that allows the issuer to call the issue during the non-call period if the price of the stock reaches a certain level. Mainly applies to convertible securities. right of an issuer to accelerate the first redemption date if the underlying common should trade at or above a certain level for a sustained period. Most typical terms are 150% of conversion price for 20 consecutive days. Note that under these circumstances the security has appreciated, at a minimum, 50% since being issued.
Provisional call feature : a feature in a convertible issue that allows the issuer to call the issue during the non-call period if the price of the stock reaches a certain level. mainly applies to convertible securities. right of an issuer to accelerate the first redemption date if the underlying common should trade at or above a certain level for a sustained period. most typical terms are 150% of conversion price for 20 consecutive days. note that under these circumstances the security has appreciated, at a minimum, 50% since being issued.
Provisional call feature