Call protection
Also written buyback economics.
Definition
The time left before an issue's call date. The score reads it with the price under the Buyback economics pillar: more years of protection score higher, non-callable issues receive full credit, and past the call date a deep discount scores well because a redemption would hand the holder a gain.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.