What does Call Provision mean?

Call Provision meaning in Finance Dictionary

a supply of a bond or favored stock problem, listed in its indenture (the formal agreement involving the relationship issuer plus the owner) that enables the issuer to redeem the relationship ahead of the maturity time often at par or at reasonably limited to par.

Call Provision meaning in Business Dictionary

Clause in a financial obligation tool (particularly a bond) which allows its issuer to get it before its readiness time, often on one or more call dates specified with its indenture. Also referred to as redemption supply.