The state or condition of being callable.

(programming) That can be called. / (finance) That may be redeemed by its holder before it matures.

(programming) An object of a type that can be called, such as a function. / (finance) A callable bond.

plural of callable

plural of callable bond

(finance) A bond that can be called (redeemed) by the issuer prior to its maturity, on certain call dates, at call prices. On the call dates, the issuer has the right, but not the obligation, to buy back the bonds from the bond holders at the call price. Technically speaking, the bonds are not really bought and held by the issuer, but cancelled immediately or no longer accrue interest at the original coupon rate.