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Simple English definitions for legal terms

call-protection clause

Read a random definition: Vagueness doctrine

A quick definition of call-protection clause:

Call-protection clause: A rule that says a company can't take back a bond or a type of stock called "callable-preferred-stock" for a certain amount of time. This helps investors feel more secure about their investment.

A more thorough explanation:

A call-protection clause is a provision in a bond or preferred stock issue that prevents the issuer from redeeming or calling back the security during a specific period. This clause is designed to protect investors from having their investment unexpectedly terminated before the agreed-upon maturity date.

For example, suppose a company issues bonds with a call-protection clause that lasts for five years. During this period, the company cannot redeem or call back the bonds. This means that investors who purchase these bonds can be assured that they will receive interest payments and their principal investment for at least five years.

Another example is a callable preferred stock with a call-protection clause that lasts for three years. During this period, the company cannot redeem or call back the preferred stock. This means that investors who purchase these shares can be assured that they will receive their dividends and their investment will remain intact for at least three years.

Overall, call-protection clauses provide investors with a level of security and predictability, allowing them to make informed investment decisions.

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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