Callable

Business, Legal & Accounting Glossary

Definition: Callable


Callable


Full Definition of Callable


Able to be redeemed prior to maturity. The term usually applies to bonds and convertible securities. The issuer of a callable security has to state the conditions under which the security may be called at the time of issue. For most securities, there is a certain initial time period in which the security cannot be called. A bond will usually be called when market interest rates fall below the yield being paid on the bond (bonds are usually called when the price rises to a certain point). To reflect this risk, a callable security is usually priced lower than a non-callable security.


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https://payrollheaven.com/define/callable/
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Callable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 26, 2022 https://payrollheaven.com/define/callable/.
Chicago Manual of Style (CMS):
Callable. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/callable/ (accessed: January 26, 2022).
American Psychological Association (APA):
Callable. PayrollHeaven.com. Retrieved January 26, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/callable/

Definition Sources


Definitions for Callable are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.