The call feature permits the issuer to repurchase bonds at a stated price prior to maturity.
Maturity is the state of being fully developed or adult. Humans experience a delayed maturity; we arrive at all stages of life later than other mammals. Maturity is the state of having reached a stage of full or advanced development. A maturity is a noun form of mature.
A mature person has reached (and continues to work at reaching) a level of self-understanding with regards to their thoughts and behaviors and then decides how to best approach and cope with situations that might otherwise be trying or challenging.
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