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Financial Definitions, Terms &
Glossary
A-to-Z Listing
Browse Financial Terms by Letter
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Callable Definition
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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.
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