callable

[ kaw-luh-buhl ]

adjective

1. capable of being called.
2. subject to redemption prior to maturity, as a corporate bond.
3. subject to payment on demand, as money loaned.

callable

/ ˈkɔːləbəl /

adjective

1. (of a security) subject to redemption before maturity
2. (of money loaned) repayable on demand

Word History and Origins

Origin of callable¹

First recorded in 1820–30; call + -able

Example Sentences

To account for that “call” risk the city received a higher interest rate compared to non-callable, or “bullet” investments available at the time.

From Voice of San Diego