Callable

adj. able to be called; subject to a demand for payment/redemption prior to due date; subject to payment upon demand

Adjective
1. subject to a demand for payment before due date; "callable bonds"
(similar) due, owed

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
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RIMBORSABILE. REDIMIBILE. CHIAMABILE. NOMINABILE. CONVOCABILE. RICHIAMABILE. RIMBORSABILE