Callable - Mainly applies 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 floating new bonds at lower rates.
Callable : mainly applies 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 floating new bonds at lower rates.
Callable