callability

callability
Feature of a security that allows the issuer to redeem ( redemption) the security prior to maturity by callingit in, or forcing the holder to sell it back. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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Look at other dictionaries:

  • callability — noun The state or condition of being callable …   Wiktionary

  • Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… …   Wikipedia

  • Exotic option — In finance, an exotic option is a derivative which has features making it more complex than commonly traded products (vanilla options). These products are usually traded over the counter (OTC), or are embedded in structured notes.Consider an… …   Wikipedia

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