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.

More On This Topic
  1. It’s Election Time in the US: 5 Options for Americans Planning Immigration to Canada
  2. Four Important Factors to Consider Before Renouncing Dual Citizenship
  3. What are peace bonds and do they exist in the U.S.?
  4. Three Important Points to Remember About Bid Bonds
  5. How to Bail Someone Out of Jail
  6. What Does Fed OASDI/EE Mean on a Paycheck?
  7. Nine Debt Collector Tactics That Violate The Federal Debt Collections Practices Act
  8. How To Look Up My Court Date Online
  9. What Is Attorney Client Privilege?
  10. Is There a Difference Between Attorney-Client Privilege and Confidentiality?

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


Link to This Definition
Did you find this definition of CALLABLE BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary