However, most can be called or redeemed by
the issuer at a specific date and price.
Not exact matches
Face - amount certificate: An obligation on the part of its
issuer to pay a
specific amount or amounts
at a
specific date or
dates at least 24 months in the future.
However, convertible bonds have a special feature: they can be exchanged for a
specific number of shares of the
issuer's common stock
at a later
date.