Hialurily date. A bond issuer is said to be in default if it does not pay the interest or the principal in accordance with the terms of the indenture! agreement or if it violates one or more of the issue's restrictive covenants. A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a sinking fund provision A bond's call provision gives the issuer the right to call, or redeem, a bond at specific times and under specific conditions. If the coupon Interest rate remains constant from the time of issue until the bond matures, then the bond is called a bond. Which feature of a bond contract allows the issuer to redeem bonds under specified terms prior to maturity? fixed-rate floating-rate Put provision Call provision Sinking fund provision Convertible provision When are issuers more likely to call an outstanding bond issue? When interest rates are lower than they were when the bonds were issued When interest rates are higher than they were when the bonds were issued