Redemption or call
Definition: [crh] Right of the issuer to force holders on a certain date to redeem their convertiblesDefinition: > for cash. The objective usually is to force holders to convert into common prior to the redemption deadline. Typically,Definition: an issue is not called away unless the conversion price is 15%-25% below the current level of the common. Definition: An exception might occur when an issuer's tax rate is high, and the issuer could replace it with debt securities at a lower after-tax Definition: HREF="/?rd=cost">cost.
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