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Finance Dictionary and Glossary of Investment Terms
provisional call feature
A feature in a convertible issue enabling the issuer to call the issue if the price of the stock reaches a certain price.
A stipulation in a convertible issue that allows the issuer to call the issue during the noncall period if the price of the stock reaches a certain level. In the case of convertible securities, right of an issuer to accelerate the first redemption date if the underlying common should trade at or above a certain level for a sustained period. Most typical terms are 150% of conversion price for 20 consecutive days. Note that under these circumstances the security has appreciated, at a minimum, 50% since being issued.
A feature in a convertible issue that allows the issuer to call the issue during the non-call period if the stock reaches a certain price.