Catastrophe Call

Business, Legal & Accounting Glossary

Definition: Catastrophe Call


Catastrophe Call


Full Definition of Catastrophe Call


An early redemption of a municipal revenue bond due to the destruction of the funded project by a catastrophe, such as a flood. The bond is redeemed early because the revenue source for the bond no longer exists. For example, if a municipal revenue bond was issued to fund a toll road, and that road was destroyed by an earthquake, the bond would be called and investors would only receive principal.


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Definition Sources


Definitions for Catastrophe 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.