A call provision in a bond indenture Requires the issuer to call in its bonds if interest rates rise above a predetermined level to allow bondholders the opportunity for higher rates Permits holders to redeem bonds before maturity. Allows the bondholder to buy shares of the company's common stock at a specifed price within a specified period. Allows the issuer to cal in the bonds before maturity, ordinarly along with payment of an additional sum (a call premlum)