callable
American Heritage Dictionary:
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call·a·ble
(kô'lə-bəl) 
adj.
adj.
- Capable of being called: a dog not callable by any name.
- Subject to being redeemed at the demand of the issuer: callable bonds.
Barron's Business Dictionary:
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callable
Security redeemable by the issuer before the scheduled maturity. The issuer must pay the holders a premium price if such a security is retired early. Bonds are usually called when interest rates fall so significantly that the issuer can save money by floating new bonds at lower rates.
See also call premium ; call price .
See also call premium ; call price .
| Call Waiting, Call Report, Call Price | |
| Callcenter, Callfeature or Callprovision, Camera-READYCOPY(CRC) |
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Copyrights:
American Heritage Dictionary
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.
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