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Callable |
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Callable Applies mainly 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 issuing new bonds at lower rates. Callable A bond issue, all or part of which may be redeemed before maturity by the issuing corporation under specific conditions. The term also applies to preferred shares of stock, which may be redeemed by the issuing corporation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Notes are non-voting, non-cumulative perpetual securities, and are callable subject to certain conditions. Many retail brokerage firms broker callable CDs issued by insured financial institutions. Martin Schoppmeyer said he bought two callable CDs from A. |
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