callable
DefinitionAble to be redeemed prior to maturity. The term usually applies to bonds and convertible securities. The issuer of a callable security has to state the conditions under which the security may be called at the time of issue. For most securities, there is a certain initial time period in which the security cannot be called. A bond will usually be called when market interest rates fall below the yield being paid on the bond (bonds are usually called when the price rises to a certain point). To reflect this risk, a callable security is usually priced lower than a non-callable security.
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callable is ...
... part of the Bonds subject.
... part of the Bonds subject.
Related Terms
bank-eligible issues, convertible bond, pickup bond, redeemable, Treasuries, Treasury Bond, U.S. Treasury Bond, call protected, deferred call, hard call protection
callable appears in the definitions of these other terms on BusinessDictionary.com
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