(repayment per bond) Euroclear Clearing and Settlement glossary
Event that occurs when the issuer sets money aside to redeem a portion of an issue and the indenture states that the securities could be called earlier than the stated maturity. Also: Exchanging one type of collateral for another type ( e.g. loans where the original immovable tangible was the collateral, but it is replaced by a more conventional collateral ( government bond) because the original collateral was risky, unhandy and expensive in use) Euroclear Clearing and Settlement glossary
Financial and business terms. 2012.