In Search of Genuine DigiCash

[hughes@ah.com (Eric Hughes)]

   By the way, "calling the bond" is actually exercising an option, and yes,
   the finance guys will tell you that there is no difference. 

I acknowledge that they're financially the same, which means that when
the transaction completes as normal, the financial effects are the
same.  When the transaction is contested, however, the two are not
identical; that's a legal difference.

More on this later; I wanted to point out an example early

Eric