callable

[kaw-luh-buhl]
adjective
1.
capable of being called.
2.
subject to redemption prior to maturity, as a corporate bond.
3.
subject to payment on demand, as money loaned.

Origin:
1820–30; call + -able

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
callable (ˈkɔːləbəl)
 
adj
1.  (of a security) subject to redemption before maturity
2.  (of money loaned) repayable on demand

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Unless the bond is callable, the government is going to have to go out onto the open market and buy back that bond.
The callable coupons will be linked to the corpus when converted to book entry.
Many callable securities remain callable past the initial call date.
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