callable

callable
Applies mainly to convertible securities ( convertible security). redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price ( stated value), 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 issuing new bonds at lower rates. Bloomberg Financial Dictionary

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callable call‧a‧ble [ˈkɔːləbl ǁ ˈkɒːl-] adjective
FINANCE if a loan, bonds, or shares are callable, they must be repaid whenever the lender or shareholder asks for them to be repaid, or when the borrower decides to repay them, within certain conditions when the loan is made or when the bonds or shares are first sold:

• The notes, which are callable after 10 years, leave the company some flexibility to refinance if rates are lower then.

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   A callable bond gives the holder the right to early redemption at a given redemption price, on a given call date.
   ► See also Puttable.

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callable UK US /ˈkɔːləbl/ adjective FINANCE, STOCK MARKET
► callable bonds, shares, or similar investments can be bought back before the time when they would normally mature by the company or government that sold them : »

a callable bond/security/share

 »

The preferred shares are callable after five years.

► a callable loan must be paid back when the financial organization or person who lent the money demands payment: »

The loan is callable only in the event of default.


Financial and business terms. 2012.

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Look at other dictionaries:

  • callable — adj. subject to a demand for payment or redemption before the due date; of financial instruments; as, callable bonds. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • callable — call·able adj: capable of being called; specif: subject to a demand for presentation for payment a callable bond Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. callable …   Law dictionary

  • callable — [kôl′ə bəl] adj. that can be called; specif., a) that must be paid upon demand: said as of a loan b) that must be presented for payment upon notice: said as of a bond …   English World dictionary

  • Callable — A financial security such as a bond with a call option attached to it, i.e., the issuer has the right to call the security. The New York Times Financial Glossary * * * callable call‧a‧ble [ˈkɔːləbl ǁ ˈkɒːl ] adjective FINANCE if a loan, bonds,… …   Financial and business terms

  • callable — 1. adjective a) That can be called. The list of server tasks is a compromise between only one task for all remotely callable subprograms and one task for each remotely callable subprogram. b) That may be redeemed by its holder before it matures.… …   Wiktionary

  • callable — adjective Date: 1826 capable of being called; specifically subject to a demand for presentation for payment < callable bond > …   New Collegiate Dictionary

  • callable — adjective subject to a demand for payment before due date callable bonds • Similar to: ↑due • Derivationally related forms: ↑call …   Useful english dictionary

  • Callable bond — is a type of bond that allows the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches the date of maturity. [ [http://www.wisegeek.com/what is a callable bond.htm What is a Callable Bond?] ] In… …   Wikipedia

  • callable bond — n. A bond that may be called for payment before it matures. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. callable bond …   Law dictionary

  • callable debenture — ➔ debenture * * * callable debenture UK US noun [C] FINANCE ► a debenture (= type of loan) that can be paid back before the end of an agreed period → Compare NONCALLABLE DEBENTURE(Cf. ↑non …   Financial and business terms

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