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 Glossary   >   C   >   "Callable" Definition   

        Callable

Mainly applies 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 floating new bonds at lower rates.

Callable
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Callable \ Mainly applies 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 floating new bonds at lower rates.


Callable / mainly applies 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 floating new bonds at lower rates.