Applies mainly 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 issuing new bonds at lower rates.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). callable. Retrieved September 21, 2026, from http://smartdefine.org/callable/definitions/1149301 |
| Chicago | Barry Goldsmith. 2010. "callable" http://smartdefine.org/callable/definitions/1149301 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, callable, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/callable/definitions/1149301>. |
| MLA | Barry Goldsmith. "callable" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/callable/definitions/1149301> |