Home > Terms > English, UK (UE) > Extraordinary redemption provision (ERP)
Extraordinary redemption provision (ERP)
Also known as Extraordinary Call. A call provision that allows issuer to redeem the bonds due to a one-time occurrence as specified in the Offering Statement.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
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