MoneyGlossary.com
Home  

Callable

Definition: [crh] Applies mainly to convertible securities. Redeemable by the issuer before the scheduled Definition: ="/?rd=maturity">maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. BDefinition: onds are usually called when interest rates fall so significantly that the issuer can save money by issuing new bonds at lower rates.

<< Go back