|
 |
Investing Glossary:
Callable
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
- C -
| Term: |
|
| Definition: |
| 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.
|
|
|
| |
|
