Provisional Call Feature

A feature of a convertible issue that allows the issuer to call the issue during the non-call period if the stock reaches a certain price.

Investopedia Commentary

For example, a convertible bond may allow a provisional call if the underlying common stock trades at 150% of the conversion price for 30 consecutive days.

Related Links

Convertible Bonds: An Introduction
Bond Basics Tutorial
Advanced Bond Concepts

See also: Bond, Callable Bond, Contingent Convertibles, Conversion Price, Convertible Bond, Issuer