callable
adjective
uk/ˈkɔː.lə.bəl/us/ˈkɑː.lə.bəl/finance & economicsspecialized
If abond(= adocumentshowingthatmoneyhas beenborrowedthat will bepaidback at aparticularinterestrate)is callable, theorganizationthatlendsthemoneycanaskfor it to bepaidback before the end of acertaintime:
Thebondswere not callable,meaningtheorganizationcould not refinance wheninterestratesdropped.
Callablebondscan beredeemedbeforematurityat the issuer'sdiscretion.
Opposite
noncallable
- Adeedoftrustalsoincludeswhether thebondis callable (can beredeemedby the issuer before itmatures).
- Thecompanyissued$100m ofdebenturescallable in 10years.
- Each $1,000noteis callable in threeyears.
- Callablepreferredstock,insteadof having amaturitydate, can beboughtback by theissuingcompanyfor acertainprice.
Stock markets
- algo
- anti-city
- anti-dilution
- anti-speculation
- anti-speculative
- bearish
- bond
- bull
- bull market
- flotation
- non-convertible
- non-cumulative
- non-directional
- non-discretionary
- non-distributable
- payback period
- stockbroker
- stockholder
- strip
- the Big Board