Cushion

A characteristic of some Callable bonds in which the bonds may not be called for a specified initial period, usually two to three years. also called Call protection.

Related Terms: 5 Call, Callable, Callable bond, Call protection, ECI

Other Related Pages: Category: Bonds Starting With: C

Additional Related Terms: Allowance for depreciation, Average collection period, Accrual bond, Accrual of discount, Accumulation bond, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium, Assumed bond, Authority bond