What is CALLABLE BOND?

A callable bond (also called redeemable bond) is a type of bond (debt security) that allows the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches the date of maturity.

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Related Legal Terms
NON-CALLABLE BOND, MORTGAGE BACKED BOND, NON-CALLABLE, CONDITIONAL PUT CONVERTIBLE BOND, BULLDOG BOND, BOND INDENTURE, PUT BOND, DELAYED CALL BOND, OPTIONAL BOND, REVERSE CONVERTIBLE BOND


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