callable
adjective uk/ˈkɔː.lə.bəl/ us/ˈkɑː.lə.bəl/
finance & economics specialized（债券）可赎回的
If a bond (= a document showing that money has been borrowed that will be paid back at a particular interest rate) is callable, the organization that lends the money can ask for it to be paid back before the end of a certain time.
The bonds were not callable, meaning the organization could not refinance when interest rates dropped.
Callable bonds can be redeemed before maturity at the issuer's discretion. 可赎回债券可在到期前由发行人自行决定赎回。
Opposite: noncallable
- More examples
- A deed of trust also includes whether the bond is callable (can be redeemed by the issuer before it matures).
- The company issued $100m of debentures callable in 10 years.
- Each $1,000 note is callable in three years.
- Callable preferred stock, instead of having a maturity date, can be bought back by the issuing company for a certain price.