| 单词 | callable |
| 释义 | callable callable // adjective
(Finance )
1 if a bond or a similar investment is callable, the company or government that sold it can buy it back early (before the maturity date) at an agreed price: The bond is callable after 5 years. Some callable bonds have an initial period during which they cannot be called. The bond is callable at par (= the amount of money that was borrowed using the bond). OPP NON-CALLABLE ⇨ REDEEMABLE
a callable bond/debenture/note/security
2 if a company's shares are callable, they are not completely paid for and the company can require the shareholders to pay more money for them in the future: The company's authorized share capital is divided into paid-up shares and callable shares. |
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