Glossary Terms > Callable Bond > What is a callable bond?

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A bond that the issuer is permitted or required to redeem before the stated maturity at a specified price, usually at or above par, by giving notice of redemption in a manner specified in the bond contract.

Last updated on May 14, 2009 by Jack Parsons

Sources of definitions:

FINRA website, investor words . com, US Legal definitions, MSRB website, dictionary . com, SEC website

Vickery Creek Capital Management is not responsible for the accuracy of the definitions herein; this glossary is intended to assist clients and prospective clients in better understanding financial and investment terms.  It is the responsibility of the individual to fully understand the specifics associated with investment terms that relate to their situation.