callable bond

callable bond
A bond that may be called for payment before it matures.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

callable bond
England, Wales
redeemable bond., Also known as a callable bond.
A bond which the issuer has the right to redeem or repay prior to its maturity date under certain conditions.
On redemption, the issuer usually pays the investor the par value of the bond together with accrued interest up to and including the redemption date.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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