Call

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Call

An option that gives the holder the right to buy the underlying asset.

call

1. An option that permits its holder to purchase a specific asset at a predetermined price until a certain date. For example, an investor may purchase a call option on General Electric stock that confers the right to buy 100 shares at $25 per share until October 17. Calls are sold for a fee by other investors, who incur an obligation. Also called call option. Compare put. See also synthetic call.
2. An issuer's right to repurchase an issue of bonds at a predetermined price before maturity. The feature is used when interest rates fall, so that the bonds can be repurchased and a new, lower-rate issue sold. A call feature is normal for nearly all long-term bond issues, and it operates to the detriment of bond owners. See also call price, cleanup call, extraordinary call, optional call, sinking fund call.
3. Redemption of an issue of bonds before maturity by forcing the bondholders to sell at the call price.

call

To force an option writer to sell shares of stock at a price stipulated in a contract. Stocks usually are called just before the expiration of the options.

Call.

In the bond markets, a call is an issuer's right to redeem bonds it has sold before the date they mature. With preferred stocks, the issuer may call the stock to retire it, or remove it from the marketplace.

In either case, it may be a full call, redeeming the entire issue, or a partial call, redeeming only a portion of the issue.

When a bank makes a secured loan, it reserves the right to demand full repayment of the loan -- referred to as calling the loan -- should the borrower default on interest payments.

Finally, when the term refers to options contracts, holding a call gives you the right to buy the underlying instrument at a specific price by a specific date. Selling a call obligates you to deliver the underlying instrument if the call is exercised and you're assigned to meet the call.

Call

An option to purchase a security at a fixed price within a specified period of time.
References in classic literature ?
You have not allowed for the wind, Hubert,'' said his antagonist, bending his bow, ``or that had been a better shot.
Thomas Redruth, owner's servant, landsman, shot by the mutineers; James Hawkins, cabin-boy--
A shot was fired that moment; Musqueton shrieked with pain.
Tarzan of the Apes needed no interpreter to translate the story of those distant shots.
de Bragelonne gained the seashore, when two shots from long carbines issued from the enemy's ranks and laid him low.
And now each man stepped forward and shot in turn; but though each shot well, Little John was the best of all, for three times he struck the clout, and once only the length of a barleycorn from the center.
A staccato of shots came over to him, reminding him of army manoeuvres, of newspaper descriptions of fights, of all that was entirely correct in his conception of warfare.
Suddenly one shot after another rang out from the French, smoke appeared all along their uneven ranks, and musket shots sounded.
Few red men are good shots, for the sword is their chosen weapon; so now as the Dusarian drew bead upon the rising flier, and touched the button upon his rifle's stock, it was more to chance than proficiency that he owed the partial success of his aim.
The sailors heard the shots with certain conviction that they announced the coming of their employer, and as they had no relish for the plan that would consign them to the deck of a drifting derelict, they whispered together a hurried plan to overcome the young woman and hail Rokoff and their companions to their rescue.
Number Three and Number Twelve still slept, not having been aroused even by the shots fired by von Horn.
One would think that you were going out to shoot at a target, rather than to face one of the best shots in France.