Spens clause
id:
spens-clause-262-9005385
title:
Spens clause
text:
A spens, Spens, spens clause, or Spens clause is a provision in a security which allows a borrower to repay the principal amount earlier than the contractual repayment date, on payment of a specified penalty, also referred to as a "make whole" payment, in excess of the principal of the security. In the case of a bond, this type of early repayment is often referred to as "calling the bond". A spens clause may also apply to a preference share that is redeemed on a winding up.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Spens_clause
date created:
date modified:
2023-05-26T12:34:30Z
main entity:
{"identifier":"Q48996457","url":"https://www.wikidata.org/entity/Q48996457"}
image:
fields total:
13
integrity:
13