Just after the construction of a bridge, financed by a revenue bond, massive flooding causes part of the bridge to collapse. The remaining portion of the bridge is condemned and the municipality calls the revenue bonds. What type of call is this

Question

Business

Skyler Price

28 November, 10:58

Just after the construction of a bridge, financed by a revenue bond, massive flooding causes part of the bridge to collapse. The remaining portion of the bridge is condemned and the municipality calls the revenue bonds. What type of call is this

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Answers (1)

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Tiana Schaefer · Answer 1

extraordinary call.

Explanation:

Based on the information provided within the question it can be said that the type of call that is being described is known as an extraordinary call. This refers to a call that is used when a catastrophe or extraordinary circumstance or event takes place. These are usually placed in bond contracts as a one-time occurrence.