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Callable |
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CallableApplies 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.Callable Similar MatchesNoncallableNoncallableA preferred stock or bond that cannot be redeemed whenever desired by the issuer. |
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