call provision
noun[C]
FINANCEukus(alsocall feature)apartof anagreementfor thesaleof abondwhichallowsthesellertobuyback thebondat aparticulartimefor aparticularprice:
High-yield,high-riskbonds, like otherbonds, maycontainredemptionorcallprovisions.
apartof aloanagreementwhichallowsthefinancialorganizationorpersonwholentthemoneytodemandpaymentat aparticulartimeor inparticularsituations:
Yourloanmay have acallprovisionat 5-7years, whichmeansyou'll have to re-qualify.