CALL-PROTECTION CLAUSE

By SovConn | April 4, 2014

call-protection clause.A clause in a bond issue or a callable-preferred-stock issue prohibiting the issuer from recalling the security during a specified period. [Cases: Corporations 68, 473. C.J.S. Corporations §§ 177, 180–183, 670.]

[Blacks Law 8th]

Posted in Law Dictionary Definitions