Meaning of “callable bond” in the English Dictionary

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"callable bond" in Business English

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callable bondnoun [ C ]

uk us FINANCE, STOCK MARKET

a bond that can be bought back before the time when it would normally mature (= become ready to be paid) by the company or government that sold it:

The early repayment of callable bonds results in shortened portfolio durations.

(Definition of “callable bond” from the Cambridge Business English Dictionary © Cambridge University Press)