Meaning of “noncallable debenture” in the English Dictionary

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"noncallable debenture" in Business English

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noncallable debenturenoun [ C ]

uk us

FINANCE a debenture (= type of loan) that cannot be paid back before the end of an agreed period:

They sold $150 million of 30-year noncallable debentures.

(Definition of “noncallable debenture” from the Cambridge Business English Dictionary © Cambridge University Press)