§ 43742 Bond Call And Payment

• •If the government allows bonds to be used to pay off old debts early, they have to follow the rules written in those old debts.
• •The rules say exactly how and when the old debts can be paid off early.
• •You can't just pay off the old debts whenever you want—you have to do it the way the original agreement says.

Imagine you borrowed money from a friend, and you both agreed that if you pay it back early, you have to give them a little extra money as a heads-up.

If the government uses new bonds to pay back that loan early, they have to follow the same rule—give the little extra money like the agreement says.