non-callable bond

Definition

A bond that is not able to be redeemed prior to maturity. also called bulletbond.

Use non-callable bond in a sentence

You may want to try and take out a non-callable bond that should be a nice low risk investment for you.

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It was a non-callable bond and I was a bit mad that I could not redeem it and that I had to wait until it matured.

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Since it was a non-callable bond, they could not cash it in nor could it be called until maturity had been reached.

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conditional call option callable bond