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callable
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| Babylon English | Download this dictionary |
callable
adj.
able to be called; subject to a demand for payment/redemption prior to due date; subject to payment upon demand
| English Wikipedia - The Free Encyclopedia | Download this dictionary |
Callable bond
A callable bond (also called redeemable bond) is a type of bond (debt security) that allows the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity. In other words, on the call date(s), the issuer has the right, but not the obligation, to buy back the bonds from the bond holders at a defined call price. Technically speaking, the bonds are not really bought and held by the issuer but are instead cancelled immediately.
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| WordNet 2.0 | Download this dictionary |
callable
Adjective
1. subject to a demand for payment before due date; "callable bonds"
(similar) due, owed
| Campbell R. Harvey's Hypertextual Finance Glossary | Download this dictionary |
Callable
Mainly applies to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. Bonds are usually "called" when interest rates fall so significantly that the issuer can save money by floating new bonds at lower rates.
| Free English-Vietnamese Dictionary | Download this dictionary |
callable
