Callable

Callable,

Definition of Callable:

  1. Payable on demand.

  2. Designating a bond that can be paid off earlier than the maturity date.

How to use Callable in a sentence?

  1. If your callable bond pays at least 1% more than newer issues of identical quality, it is likely a call could be forthcoming in the near future.

Meaning of Callable & Callable Definition