non-callable
Definition
Bond or preferred stock (preference share) that can be redeemed by its issuer before its maturity date (or a date specified in the bond indenture or share prospectus) only on payment of a penalty. Such call protection safeguards the holder from loss of interest income caused by early redemption. Most bonds are non-callable for the first few years after they are issued.
non-callable is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
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