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.
This content can be found on the following page:
http://www.businessdictionary.com/definition/non-callable.html
email to a friend
print this definition
cite this definition
link to this page






