When a call protection provision is written into the bond indenture, the issuing company is prevented from calling the bond throughout the bond's life.

Name: When a call protection provision is written into the bond indenture, the issuing company is prevented from calling the bond throughout the bond's life.
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A call protection provision typically limits the issuer's ability to call the bond only for a certain period, not for the bond's entire life. After this period, the issuer can call the bond.

When a Call Protection Provision Is Written into the Bond