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Callable

• A financial security such as a bond with a call option attached to it, i.e., the issuer has the right to call the security.

 
 

Follow this link for all the terms related to call.

 
 Embedded terms in definition
 Bond
Call option
Call
E
Issuer
Option
Right
Security
 
 Referenced Terms
 Call protection: A feature of some Callable bonds that establishes an initial period when the bonds may not be called.

 Cushion bonds: High-coupon bonds that sell at only a moderate premium because they are Callable at a price below that at which a comparable noncallable bond would sell. Cushion bonds offer considerable downside protection in a falling market.High-coupon bonds that sell at only at a moderate premium because they are Callable at a price below that at which a comparable non-callable bond would sell. Cushion bonds offer considerable downside protection in a falling market.

 Cushion bonds: High-coupon bonds that sell at only a moderate premium because they are Callable at a price below that at which a comparable noncallable bond would sell. Cushion bonds offer considerable downside protection in a falling market.High-coupon bonds that sell at only at a moderate premium because they are Callable at a price below that at which a comparable non-callable bond would sell. Cushion bonds offer considerable downside protection in a falling market.

 Forced conversion: Use of a firm's call option on a Callable convertible bond when the firm knows that the bondholders will exercise their option to convert.

 Liquid yield option note: Abbreviated LYON. Zero-coupon, Callable, putable, convertible bond invented by Merrill Lynch & Co.

 
 Related Terms
 Callable bond

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