Called away

Convertible: Redeemed before maturity.
Option: Call or put option exercised against the stockholder.
Sale: Delivery required on a short sale.

Called Away

Describing a situation in which a contract must be completed, depriving an investor of potential gains. For example, if an option is exercised, the person who owns the underlying must buy or sell it at the agreed upon price, which is usually different from its fair market value, to the disadvantage of the owner. "Called away" is a term most often used with options that are exercised, short sales that must be delivered, or a bond redeemed before maturity.

called away

Used to refer to the forced sale of a security by an investor because of the action of another party. For example, the writer of a call option has the underlying stock called away when the call owner exercises the option. Likewise, a bondholder may have bonds called away by the issuer if interest rates decline and the issuer decides to redeem a portion of the issue before maturity. In nearly all cases, a call works to the disadvantage of the owner of the security.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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References in periodicals archive

BBC Radio 5Live's Pat Murphy tweeted: "Decision on fitness of prospective directors delayed for a wk because FLge c/exec Shaun Harvey called away on business y'day & couldn't make scheduled meeting.

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She began a fast at midnight to prepare but the surgery was cancelled when a con-sultant was called away.

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FLAHERTY Derek Number one Son, three years have passed since that sad day when the one we loved was called away. God loved him too and thought it best to take him home with him to rest.

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Particular thanks go to the all concerned with the Girls' Brigade Band and the fire brigade (until they were called away on duty).

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IWAS at a private party on Saturday, October 2, at the Adelphi Hotel in Liverpool and I was called away to watch a young singerwho was performing in another room.

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The Argentine youngster had won a regular place in the side before Christmas before being called away on international duty at the South American under-20 Championships.

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Bell was called away and said to Watson, "Here, hold this." And so the phrase, "Putting someone on hold" was created.

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Colonel Brandon is called away on business, leaving Marianne free to fall blissfully in love with Willoughby - until he too leaves for London.

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An employee of the company escaped serious injury when he was called away from the windows moments before the out-of-control SUV crashed through them, according to building owner Richard Mazzola.

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