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callable

[kaw-luh-buh l] /ˈkɔ lə bəl/
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
1820-1830
1820-30; call + -able
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for callable
  • 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.
British Dictionary definitions for callable

callable

/ˈkɔːləbəl/
adjective
1.
(of a security) subject to redemption before maturity
2.
(of money loaned) repayable on demand
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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