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conditional call option

A type of protection on some high-yield bonds that obligates the issuer of the bond to substitute a high-yield bond for a non-callable bond of similar terms and maturity dates to the investor in the event that the original bond is called. Therefore, if a high-yield bond is called, the issuing company must substitute this with a similar non-callable bond that will mature at approximately the same time as the original bond.

Related information about conditional call option:
  1. Conditional Call Option Definition | Investopedia
    A provision that requires the issuer of a callable bond to replace the bond with a non-callable bond of similar maturity and interest rate in the case that the ...
     
  2. What is conditional call option? definition and meaning
    Definition of conditional call option: A type of protection on some high-yield bonds that obligates the issuer of the bond to substitute a high-yield bond for a ...
     
  3. Conditional Call Options - Financial Dictionary - The Free Dictionary
    Conditional Call Option. A term in some callable bonds requiring the issuer to replace it with a non-callable bond with the same maturity and similar terms if the ...
     
  4. Conditional Call Option: Definition from Answers.com
    form of call protection available to holders of some high-yield bonds. In the event the bond is called, the issuing corporation is obligated to substitute.
     
  5. NOVENA HOLDINGS LIMITED (Incorporated in the Republic of ...
    Dec 14, 2006 ... conditional call option to require Beaute Spring to sell the Property (the "Call Option") and Beaute Spring is granted a conditional put option to ...
     
  6. Currency Options
    Similarly, a conditional call option on £ may specify an exercise price of $1.70, and a trigger of $1.67. The premium will have to be paid only if the £'s value falls ...
     
  7. What Is a Conditional Call on a Corporate Bond? | eHow.com
    Investopedia: Conditional Call Option · Bonddesk: Glossary · Bondtrac: Fixed Income Glossary. Photo Credit savings bonds image by judwick from Fotolia.com ...
     
  8. Research Help: Searching for Preferred Stock
    Many preferred securities include a conditional call option, allowing the issuer to redeem the securities at the liquidation value upon the occurrence of certain ...