called away

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Called away

Convertible: Redeemed before maturity.
Option: Call or put option exercised against the stockholder.
Sale: Delivery required on a short sale.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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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