A bond can only be easily refunded if it has a call feature.

Name: A bond can only be easily refunded if it has a call feature.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A call feature on a bond allows the issuer to redeem the bond before its maturity date. This means that the issuer can easily refund the bond by calling it back, rather than having to wait for the bond to mature. Without a call feature, it may be more difficult for the issuer to refund the bond before maturity.

A Bond Can Only Be Easily Refunded If It Has