Business / Finance / Redemption Or Call: Right of the issuer to force holders on a certain date to redeem their convertibles for cash. The objective usually is to force holders to convert into common prior to the redemption deadline. Typically, an issue is not called away unless the conversion price is 15%-25% below the current level of the common. 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 cost.
Call Noun Synonyms: shout, cry, yell, whoop, holler
Call Verb Synonyms: shout, cry (out), hail, yell, roar, bellow, call out, holler
Life Style / Time Shares / Ote (Organisation For Timeshare In Europe): A trade association in Europe composed of resort owners and developers. The OTE is similar to ARDA, but with more of an emphasis on consumer affairs. MORE
Science / Biology / Osteoporosis: A disorder in which the mineral portion of bone is lost, making the bone weak and brittle; occurs most commonly in postmenopausal women. MORE