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Subcarpathia Travel on Bond-call provisions set out the terms on which a bond issuer has the right to redeem a bond issue prior to maturity. This early redemption may usually only occur after a specific date and at a pre-determined price or yield. Bond-put provisions specify the holder’s right to seek early redemption of a bond issue prior to maturity. Amortization also means that the bond is partially redeemed prior to maturity. Amortization can occur in several forms. A serial bond allows for either partial repayment of the principal amount or the retirement of a portion of the issue prior to the maturity of the bond. A sinking fund requires the issuer to repurchase part of the issue prior to maturity, while a purchase fund allows the issuer to repurchase part of the issue prior to maturity. Subcarpathia Travel 2016.