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Callable
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. RELATED TERMS-------------------------------------- Securities Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.). Redeemable Eligible for redemption under the terms of an indenture. Issuer A financial institution or other organization responsible for supplying credit cards, debit accounts, checks, electronic tokens, and so on. Maturity 1) The length of time until the principal amount of a bond must be repaid. 2) The end of the life of a security. Price The cost of a good or service to the consumer. Premium The money paid by the insured to the insurer in return for insurance cover or benefits payable; the positive difference between the current price of a security and its par value. SIMILAR TERMS-------------------------------------- Call An option that gives the holder the right to buy the underlying futures contract. Call an option To exercise a call option. CALL Credit Union CALL is a credit union with head office in RICHMOND, VA Call date A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond for a specified call price. Call feature Part of the indenture agreement between the bond issuer and buyer describing the schedule and price of redemptions prior to maturity. Call loan A loan repayable on demand. Sometimes used as a synonym for broker loan or broker overnight loan. Call money rate Also called the broker loan rate , the interest rate that banks charge brokers to finance margin loans to investors. The broker charges the investor the call money rate plus a service charge. Call option The ability of one person (who owns the call option) to buy something from the writer at a predetermined price during the time of the option. Call premium Premium in price above the par value of a bond or share of preferred stock that must be paid to holders to redeem the bond or share of preferred stock before its scheduled maturity date. Call price The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a specified call date. Call protection A feature of some callable bonds that establishes an initial period when the bonds may not be called. Call provision An embedded option granting a bond issuer the right to buy back all or part of an issue prior to maturity. Call risk The combination of cash flow uncertainty and reinvestment risk introduced by a call provision. Call swaption A swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. Call-Net Enterprises Call-Net Enterprises is one of Canada's largest companies. Callability Feature of a security that allows the issuer to redeem the security prior to maturity by calling it in, or forcing the holder to sell it back. Called away 1) Convertible: Redeemed before maturity. 2) Option: Call or put option exercised against the stockholder. 3) Sale: Delivery required on a short sale. CALLIDEN Group Limited CALLIDEN Group Limited is a large Australian company in the field of Insurance. Their Australian Stock Exchange (ASX) code is CIX. Calloway REIT Calloway REIT is one of Canada's largest companies. PREVIOUS AND NEXT TERMS-------------------------------------- Call protection A feature of some callable bonds that establishes an initial period when the bonds may not be called. Call provision An embedded option granting a bond issuer the right to buy back all or part of an issue prior to maturity. Call risk The combination of cash flow uncertainty and reinvestment risk introduced by a call provision. Call swaption A swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. Callability Feature of a security that allows the issuer to redeem the security prior to maturity by calling it in, or forcing the holder to sell it back. Callable Called away 1) Convertible: Redeemed before maturity. 2) Option: Call or put option exercised against the stockholder. 3) Sale: Delivery required on a short sale. Canadian agencies Agency banks established by Canadian Banks in the U.S. Cancel To void an order to buy or sell from the floor, or the trader/salesperson's scope. Cap An upper limit on the interest rate on a floating-rate note (FRN) or an adjustable-rate mortgage (ARM). Capacity Credit grantors' measurement of a person's ability to repay loans. We thank you for using the Financial Dictionary to search for Callable. If you have a better definition for Callable than the one presented here, please let us know by making use of the suggest a term option. This definition of Callable may be disputed by other professionals. Our attempt is to provide easy definitions on Callable and any other medical topic for the public at large.
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