§ 90042 Bond Call Provisions

• •Some bonds can be paid back early, but only if the rules say so.
• •The people in charge decide when and how to pay back early.
• •If a bond can be paid back early, it must say so right on the bond.

Imagine you lend money to a friend, and they promise to pay you back in 10 years. But they also say, 'If I get extra money, I can pay you back early, but I’ll give you a little extra as a thank-you.'

This law works the same way. The people who borrowed money (like a city or company) can pay back the bond early, but only if they follow the rules they set at the beginning. And just like your friend, they might give a little extra money as a thank-you for paying early.