Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- adjective Capable of being called.
- adjective Subject to being redeemed at the demand of the issuer.
from the GNU version of the Collaborative International Dictionary of English.
- adjective subject to a demand for payment or redemption before the due date; -- of financial instruments.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective computing That can be
called . - adjective finance That may be
redeemed by itsholder before itmatures . - noun finance A callable
bond .
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- adjective subject to a demand for payment before due date
Etymologies
Sorry, no etymologies found.
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Examples
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We continue to fund a portion of our assets through long term callable brokered CDs, giving the bank flexibility should interest rates change in the future.
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The contracts are callable, which is to say that they can terminate early if the underlying moves too far in the wrong direction.
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Additionally, we called some higher priced brokered CDs and replaced them with lower cost, longer term callable brokered CDs.
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Many bonds are callable, meaning the issuer can choose to pay off the bond early.
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Those bonds, like many munis, are "callable," meaning Illinois can retire them as early as 2018, in which case the effective yield drops to about 4.25%.
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Where does this idea of "callable" debt come from?
Latest Articles 2010
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Some bonds are freely callable, meaning they can be redeemed anytime.
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What's New in This Release: [read full changelog] · Closures are now "callable".
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What's New in This Release: [read full changelog] · Closures are now "callable".
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Redeemable -- Most preferreds are also redeemable, or "callable," meaning the issuer has the right to call (redeem) the shares after a stated date.
pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator 2009
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