§ 29911 Bond Call And Redemption

• •The people in charge can decide to pay back some or all of the bonds early, on certain dates.
• •If they pay back early, they have to pay the full amount plus a little extra (called a premium) and any interest that has built up.
• •They get to choose which bonds to pay back early.
• •If a bond can be paid back early, it will say so right on the bond.

Imagine you lent money to a school district by buying their bond. The bond says they can pay you back early if they want.

The school district decides to pay back some bonds early. They pick your bond to pay back. They give you the full amount you lent them, plus a little extra money as a bonus, and any interest they owe you so far.