Definitions (5)
Popular Terms
1. General: Claim or demand for payment of money.
2. Banking: Demand by a bank to a borrower to repay the entire loan balance (principal plus interest plus other charges, if any) where a default has occurred or is deemed imminent.
3. Company affairs: Demand from a firm to its stockholders to pay all or a part of money remaining unpaid on stock (shares) bought by them.
4. Options market: Buyer's right to purchase a specified number of certain asset or security at a specified price by a fixed date. Short form of the term call option.
5. Securities market: Redemption of bonds (or preferred stock or preference shares) by its issuer on payment of a call premium, as provided for in the bond indenture.
See also callable bond.

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