called away

Also found in: Dictionary, Idioms.

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.
References in periodicals archive ?
A BOY of five died after being forgotten inside a locked car for hours when his surgeon father was called away for an emergency operation.
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.
Bell was called away and said to Watson, "Here, hold this.
Owner has been called away for military service forcing him to sell.
Will he make it to the church on time, or will she be left at the altar if he gets called away on another case?
The Mayor, who had planned to attend the event held at Club 101 on Tuesday, March 15, was called away to head the U.
He even managed to annoy the doctor who delivered him - Dr McCabe - because the medic was called away from the Boro game in question in order to supervise the birth.
She is called away when a body is discovered in a stone sarcophagus belonging to the Met--the body is not only modern but is the corpse of the exhibit's museum liaison.
Robin Monroe (Anne Heche) and her fiance are on a South Seas holiday when she's called away on business.
But after Bill Miller, 47, was forced to speak late in the chamber and David Martin, also 47, was called away because of a family illness, they were left to go out on the town with Catherine Stihler, 27.
We are treated to endless ruminations between her and her husband Baruch, a New York assistant district attorney who, during Blumenfeld's sojourn in Israel, is called away to prosecute boxing promoter Don King for fraud (thus providing Blumenfeld with an opportunity to pad her narrative with some irrelevant trial detail.