A feature which can beincluded in a new debt or preferred issue, granting the holder the option under specified conditions to redeem the security on a stated date-prior to maturity in the case of a bond.

(Encaissable par anticipation) Feature of a fixed-income security (bond or preferred share) by which a holder can demand redemption prior to maturity, at a date and under conditions that have been predetermined.

A feature of some debt securities or preferred shares which gives the holder the right, under specified conditions, to redeem the security on a stated date at a stipulated price.

Bonds or preferred shares that allow the holder to require the issuer to redeem the security before the maturity date.

A feature which can be included in a new debt issue or preferred share which grants the holder the option, under specified conditions, to redeem the security on a stated date. This date would be prior to maturity in the case of a debt issue.