deferment period


A feature in a callable bond in which the security cannot be called by the issuer for a certain period following its issue. For instance, a company will issue bonds with a deferment period of five years. Interest payments are guaranteed to the investor during the five years and the issuing company cannot call the bonds during that time.
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
deferment call protection