Canary Call

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Definition: Canary Call

Canary Call
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Full Definition of Canary Call

A step-up bond which can not be called after it has completed its first-step period. The bond issuer can reserve the right to call back the bond up until the point where the first-step has been reached. The canary call can only be used on predetermined dates. If the issuer chooses not to call prior to the canary call expiration period, the bond will stay a standard step-up bond and the coupon rate will continue to increase with each step-up period.

Cite Term

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https://payrollheaven.com/define/canary-call/
Modern Language Association (MLA):
Canary Call. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/canary-call/.
Chicago Manual of Style (CMS):
Canary Call. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/canary-call/ (accessed: April 19, 2024).
American Psychological Association (APA):
Canary Call. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/canary-call/

Definition Sources

Definitions for Canary Call are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.