In legal terms, the voluntary relinquishment of a known right is called

How should the project closeout step be planned?

What will be an ideal response?

With a make whole call provision:

a. the firm to pay a call price that is sufficient to provide bondholders an ex post return equal to the return they would have received on a noncallable Treasury bond with the same original maturity as the called bond. b. the firm must retire either the entire (or whole) bond issue or none of the bonds. c. bondholders are allowed to redeem their bonds at par value. d. the firm has the option to restore bondholders' wealth by issuing new bonds, that would sell at par value, in exchange for the original bonds.