Meaning PROVISIONAL CALL FEATURE: A stipulation in a convertible issue that allows the issuer to call the issue during the noncall period if the price of the stock reaches a certain level. In the case of 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
More terms such as Provisional call feature in Dictionary P.
- Definition Pac-Man Strategy:
- Examples Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm provisional call feature definition.
- Definition P:
- Examples Fifth letter of Nasdaq stock symbol specifying issue is the company's first class of preferred shares provisional call feature explain.
- Definition Paid Up:
- Examples When all payments that are due have been made provisional call feature what is.
- Definition Proceeds Sale:
- Examples OTC securities sale whose revenue is used to buy another security provisional call feature meaning.
- Definition Price Gap:
- Examples A term used when the price of a stock rockets or dives in a direction away from its last price range, such as a stock with a trading range of $10-$12 that closes at $12 and climbs to $14 the next day provisional call feature abbreviation.