Call Option

A provisionA clause, sentence or paragraph of an insurance contract that describes or explains a feature, benefit, in the mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. that gives the mortgageeThe lender. the right to callThe ability of a bond issuer to redeem a bond before its maturity date. the mortgage due and payable at the end of a specified period for whatever reason.